WAEC Commerce 2023 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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The term 2%/15 net 30 represents a A. cash discount.
- A. cash discountCorrect
- B. quantity discount
- C. seasonal discount
- D. trade discount
Explanation
That term means that a customer will enjoy 2% discount off his total invoice if he pays off within 15 days out of the 30 days in a month.
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