A trade credit discount such as 2/10 net 40 means

A) a 2 percent discount for payment within 10 days, and a 3 percent penalty if payment is made
after 40 days.
B) a 2 percent penalty is due after 40 days.
C) a 2 percent discount if payment is made within 10 days, otherwise, the total amount is due in
40 days.
D) 10 percent discount for cash on delivery and a 2 percent discount for payment within 40 days.

C

Business

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