A firm that offers payment terms of 2/10 net 30 gives its customers:?
A. ?a 2% discount if the bill is paid on or before Day 30, otherwise an additional cost of 10% is applicable.
B. ?a 20% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 30.
C. ?a 30% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 2 of the consecutive month.
D. ?a 10% discount if the bill is paid on or before Day 2, otherwise the entire bill is due by Day 30.
E. ?a 2% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 30.
Answer: E
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