Final answer:
The retailer who made a purchase of $350 with credit terms of 2/15, n/60 would pay $343 if they received the 2% discount by paying within 15 days.
Step-by-step explanation:
If a retailer made a purchase in the amount of $350 with credit terms of 2/15, n/60, this means the retailer can take a 2% discount if they pay within 15 days, or pay the net full amount in 60 days. To calculate the discount amount, we multiply the total amount by the discount rate: $350 × 0.02 = $7. Therefore, if the retailer takes advantage of the discount by paying within 15 days, they will pay $350 - $7 = $343.