The buyer received an invoice from the seller for merchandise with list price of RO 7500 and credit terms of 2/10 and n/30. The number 10 in the credit term is: a. Percentage of Cash Discount b. Trade discount c. Discount period d. Credit period
The buyer received an invoice from the seller for merchandise with list price of RO 7500 and credit terms of 2/10 and n/30. The number 10 in the credit term is: a. Percentage of Cash Discount b. Trade discount c. Discount period d. Credit period
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 4Q: If a retailer made a purchase in the amount of $350 with credit terms of 2/15, n/60. What would the...
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The buyer received an invoice from the seller for merchandise with list price of RO 7500 and credit terms of 2/10 and n/30. The number 10 in the credit term is:
a.
Percentage of Cash Discount
b.
Trade discount
c.
Discount period
d.
Credit period
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