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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Definitions:

Bar Chart

A graphical representation of data using bars of different heights or lengths to compare values across categories.

Distribution Of Quantitative Data

The way in which quantitative data are spread or dispersed across different values.

Bar Charts

A graphical display of data using bars of different heights or lengths to represent various values.

Pie Charts

Graphical representations of data that divided a circle into sectors or slices to illustrate numerical proportion.