A Credit Policy of "2/10, Net 30" Means

question 29

Short Answer

A credit policy of "2/10, net 30" means
That if a customer pays its bill within 10 days, it will receive a 30 percent discount.
That if a customer pays its bill within 30 days, it will receive a 10 percent discount.
That if a customer pays its bill within 2 days, it will receive a 10 percent discount.
That if a customer pays its bill within 10 days, it will receive a 2 percent discount.
None of these are correct.

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Definitions:

Dog

A domesticated carnivorous mammal known for its loyalty and companionship.

Bowls

Rounded vessels that are open at the top, used typically for holding food, liquids, or other items.

Indicator Words

Words or phrases that provide clues about the structure of arguments or logical relationships, like "therefore" or "because".

Premises

Statements or propositions from which a conclusion is drawn in an argument.