Question

Dennis has made a purchase of $50,000 using trade credit with terms of 2/10 net 30. how much discount will a he receive if the buyer pays the bill on the net due date?

Answer 1

0$
Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time you take delivery of materials, equipment or other valuables without paying cash on the spot, you're using trade credit