The credit terms 2/10, n/30 are interpreted as:
A. 30% discount if paid within 10 days.
B. 30% discount if paid within 2 days.
C. 2% cash discount if the amount is paid within 10 days, or the balance due in 30 days.
D. 2% discount if paid within 30 days.
E. 10% cash discount if the amount is paid within 2 days, or the balance due in 30 days.
Answer: C
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