The credit term $2/10,$ n$/30$ means:

Multiple Choice

That after $10$ days $2\%$ interest is charged.

That there is a $2\%$ discount if payment is received within $10$ days, otherwise, full payment is due within $30$ days.

That there is a $10\%$ discount if payment is received within $30$ days.

There is a $10\%$ discount if paid immediately and $2\%$ if paid within $30$ days.