Credit Terms of "2/10,n/30" Mean That If Payment Is Made

question 71

True/False

Credit terms of "2/10,n/30" mean that if payment is made in two days,a 10% discount will be given;if not paid within two days,the full invoice price will be due in thirty days.

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Definitions:

Slope

The measure of the steepness of a line on a graph, defined as the ratio of the vertical change to the horizontal change between two points on the line.

General Form

A way of expressing something that is not specific to any particular case but can apply broadly across instances.

Equation

A claim within mathematics that equates two expressions as being identical.

Perpendicular

Describes two lines, planes, or surfaces meeting at a right angle (90 degrees).