Final answer:
2/10, n/30 is an example of the ordinary dating method in business and refers to discounts and payment terms.
Step-by-step explanation:
2/10, n/30 is an example of the ordinary dating method in business. In business transactions, the terms 2/10, n/30 refer to discounts and payment terms. Let's break it down:
- The first number, 2, represents the discount percentage that the buyer can avail if they pay within a specified time frame.
- The second number, 10, represents the number of days within which the buyer needs to pay in order to receive the discount.
- The term n/30 means that if the buyer doesn't take advantage of the discount, they have 30 days to pay the full amount without incurring any penalty.