Question

How would you pronounce "2/10, n/30" aloud?

a. "Two out of ten, net thirty"
b. "Two over ten, not thirty"
c. "Two for ten, next thirty"
d. "Two minus ten, near thirty"

Answer 1

The correct pronunciation for '2/10, n/30' is 'Two out of ten, net thirty.' This term represents a common credit term in business known as the 'cash discount period'.

Step-by-step explanation:

The correct pronunciation for '2/10, n/30' is option a. 'Two out of ten, net thirty.' This term represents a common credit term in business known as the 'cash discount period'. It means that if a buyer pays within 10 days after the invoice date, they can take a 2% discount, otherwise, the full amount is due within 30 days. The phrase 'net thirty' indicates the number of days allowed for payment without any discount.