Chapter 6, Problem 1MCQ

Sales discounts with terms 2/10, n/30 mean:

1. a. 10 percent discount for payment within 30 days.
2. b.2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.
3. c. Two-tenths of a percent discount for payment within 30 days.
4. d. None of the above.