The term 2%/15 net 30 represents a
COMMERCE
WAEC 2023
The term 2%/15 net 30 represents a
- A. seasonal discount
- B. quantity discount
- C. cash discount
- D. trade discount
Correct Answer: C. cash discount
Explanation
2%/15 net 30 means that if the customer pays within 15 days of receiving the goods, he may take 2% off the amount stated in the invoice, if does not, he will have to pay the full stated in the invoice within 30 days.
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