WAEC - Commerce (2023 - No. 27)
The term 2%/15 net 30 represents a
seasonal discount
quantity discount
cash discount
trade discount
Explanation
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.