What Does "2/10" Mean,with Respect to "Credit Terms of 2/10,n/30

question 16

Multiple Choice

What does "2/10" mean,with respect to "credit terms of 2/10,n/30"?

• A) A discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.
• B) Interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice.
• C) A discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date.
• D) Interest of 10 percent will be charged if invoice is paid after two days.

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Definitions:

Male Condom

Contraceptive device, usually made of latex, that fits over the male penis.

Spermicidal Jellies

Contraceptive products used to immobilize or kill sperm, designed to be applied inside the vagina to prevent pregnancy.

Intrauterine Device

A small T-shaped device inserted into the uterus to prevent pregnancy by changing the way sperm cells move so they cannot reach an egg.

Chlamydia

A common sexually transmitted infection caused by the bacterium Chlamydia trachomatis.