What Is the Meaning of the Term 2/10 Net 30

question 10

Multiple Choice

What is the meaning of the term 2/10 net 30?

• A) If the invoice is paid within 10 days, a 2% discount can be taken. If the invoice is paid between 11 and 29 days, a 1% discount can be taken. After 30 days, the full invoice is due.
• B) If the invoice is paid within 2 days, a 10% discount can be taken; otherwise the full invoice is due in 30 days.
• C) If the invoice is paid within 2 days, a 10% discount can be taken; otherwise a 2% discount can be taken if the invoice is paid in 30 days.
• D) If the invoice is paid within 10 days, a 2% discount can be taken; otherwise the full invoice is due in 30 days.

---

Definitions:

Walgreens

An American company that operates as the second-largest pharmacy store chain in the United States, offering health products, health information, and photo services.

Nonprofit Brand

A brand associated with organizations that operate without the primary goal of making profits, focusing on advancing a cause or mission.

Detailed And Thought-Provoking

Content or information that is meticulously elaborated and designed to stimulate deep thinking or discussion.

Reflective

Characterized by deep thought or consideration, often leading to insights or personal development.