The company gets all of its merchandise from a supplier in


Ten To One Gaming Corporation purchases poker chips from wholesalers and sells them to casinos in Las Vegas and Atlantic City. The company gets all of its merchandise from a supplier in Minnesota and always buys on credit with credit terms of 2/10, n/30. Which statement below best explains the credit terms of 2/10, n/30?

A) The buyer will receive a 2% discount if they pay within ten days of the sale

B) The buyer will receive a 10% discount if they pay within two days of the sale

C) The buyer will receive a 10% discount if they pay within thirty days of the sale

D) The buyer will receive a 2% discount if they pay within thirty days of the sale

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Accounting Basics: The company gets all of its merchandise from a supplier in
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