Chapter 9, Problem 5QY

What does the “2” in 2/10, n/30 mean?

1. a. Pay in 2 days to ensure early payment
2. b. 2% discount for early payment within 10 days
3. c. 2% extra payment due if paid between 10 days and 30 days
4. d. $2 discount if paid within 10 days
5. e. None of the above