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I'm mixed up on this question and the possible answers. I keep coming up with different answers. If the seller gives credit terms of 2/10,
I'm mixed up on this question and the possible answers. I keep coming up with different answers.
If the seller gives credit terms of 2/10, net 30 this means:
If the buyer pays in 30 days they can take a 2% discount
If the buyer pays in 10 days they can take a 2% discount
If the buyer pays in 10 days they can take a 10% discount
If the buyer pays in 30 days they only pay 10% of the initial cost
If the buyer pays in 30 days they can take a 10% discount
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