Problem

Sales discounts with terms 2/10, n/30 mean:a.10 percent discount for payment within 30 day...

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

a.10 percent discount for payment within 30 days.

b. 2 percent discount for payment within 10 days or the full amount (less returns) is due within 30 days.

c. Two-tenths of a percent discount for payment within 30 days.

d. None of the above.

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