Which Statement Below Best Explains the Credit Terms of 2/15,n/30

question 104

Multiple Choice

Which statement below best explains the credit terms of 2/15,n/30?

• A)The buyer will receive a 15 percent discount if it pays within two days of the purchase.
• B)The buyer will receive a 15 percent discount if it pays within thirty days.
• C)The buyer will receive a 2 percent discount if it pays within fifteen days.
• D)The buyer will receive a 2 percent discount if it pays within thirty days.

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