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Which of the Following Is True About Terms 2/10,n/30

Question 44

Multiple Choice

Which of the following is true about terms 2/10,n/30?


A) A 2% discount is given if the invoice is paid in 10 days;the full amount is due in 30 days.
B) A 10% discount is given if the invoice is paid in 2 days;the full amount is due in 30 days.
C) The discount period is 30 days.
D) The credit period is 10 days.

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