Explaining the credit terms

Reference no: EM13258112

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

Reference no: EM13258112

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