Question: The credit terms 2 / 1 0 , ( mathrm { n } / 3 0 ) are interpreted as: Multiple Choice

The credit terms 2/10,\(\mathrm{n}/30\) are interpreted as:
Multiple Choice
\(2\%\) discount if paid within 30 days.
\(30\%\) discount if paid within 10 days.
\(10\%\) cash discount if the amount is paid within 2 days, or the full balance due in 30 days.
\(30\%\) discount if paid within 2 days.
\(2\%\) cash discount if the amount is paid within 10 days, or the full balance due in 30 days.
The credit terms 2 / 1 0 , \ ( \ mathrm { n } / 3

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