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The Purchaser May Deduct 2% from the Purchase Price If

Question 75

Multiple Choice

The purchaser may deduct 2% from the purchase price if payment is made within 10 days; but if not paid within 10 days, the net amount of the purchase is due within 30 days. The sale is made on what terms?


A) 10/30, net/2
B) 2/10, net/30
C) 2/30, net/10
D) 10/2, net/30

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