What does the term 2/10 net 30 signify regarding the discount percentage and payment period for receiving the discount or full payment?

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A 2% discount if paid within 10 days; full payment due in 30 daysA 10% discount if payment is made within 2 days; full amount due in 30 daysA 10% discount if paid within 30 days; payment due immediatelyA 3% discount if payment is made within 15 days; full amount due in 30 daysNo discount applies; full payment due in 30 days

Explanation

The term '2/10 net 30' means the buyer can deduct a 2% discount from the invoice if payment is made within 10 days; otherwise, the full invoice amount is due within 30 days.