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The term 2/10-n/30 implies that _ % discount will be given if the payment is made within _ days or full amount is receivable within 30 days:?

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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/07/06
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

mehfooz alam khan habib khan
by mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

yes option A...........................

A)2,10; the numerator represents the percentage allowed and the denominator illustrates the days or period within which such percentage is claimable if payment is made.

2% discount will be availed if the payment is settled within10 days - the answer is A2,10........

Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

2/10 n/30 implies that a2% discount will be availed if payment is made within10 days. The whole amount is payable by the customer and receivable by the vendor within30 days. Answer is A.

Yasir Hussain
by Yasir Hussain , Marketing Research Assistant, Assistant to Marketing Manager. , International Engineering Co. Gujranwala

The answer is D. The correct one

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