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WAEC - Commerce (2023 - No. 27)

The term 2%/15 net 30 represents a
seasonal discount
quantity discount
cash discount
trade discount

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2%/15 net 30 means that if the customer pays within 15 days of receiving the goods, he may take 2% off the amount stated in the invoice, if does not, he will have to pay the full stated in the invoice within 30 days.

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