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Which Statement Below Best Explains the Credit Terms of 2/10,n/30

Question 191

Multiple Choice

Which statement below best explains the credit terms of 2/10,n/30?


A) The buyer will receive a 2 percent discount if it pays within ten days of the purchase.
B) The buyer will receive a 10 percent discount if it pays within two days.
C) The buyer will receive a 10 percent discount if it pays within thirty days.
D) The buyer will receive a 2 percent discount if it pays within thirty days.

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