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The credit term 2/10, n/30 means:
Select one:
a. That after 10 days 2% interest is charged.
b. That there is a 10% discount if payment is received within 30 days.
c. That there is a 2% discount if payment is received within 10 days, otherwise, full payment is due within 30 days.
d. There is a 10% discount if paid immediately and 2% if paid within 30 days.
Answer & Explanation
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