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An invoice with the terms "3/10 net 30" is summarized as follows:
(1) "3/10" means that if the buyer of the service/goods pays within 10 days (of the date of the invoice), the seller will give them a 3% discount on the invoiced balance
(2) "net 30" means that the whole balance is due in no later than 30 days (of the date of the invoice)
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How do you compute cash discount?
If the terms are 2/10 net 30, that means you receive a 2% discount if you pay the invoice within 10 days, otherwise, the total amount is due in thirty days. So if you pay early, multiply the invoice total by 2% (.02), that is the discount amount to be subtracted from the invoice total.
What does terms of Net on a contract mean?
If you mean on a contract that you need to pay (invoice), it probably has something like 2/10 net 30. If this is what you are talking about it means that you can take a 2% discount if it is paid within 10 days, otherwise the "net" amount is due in 30 days.
How much would a sales discount be on an invoice that totals 3000 is dated Jan 14 has terms of 2 10 net 30 and is paid on Jan 25?
60
What is the equivalent of e15 in decimal in nokia net monitor?
I've never heard of Nokia Net Monitor, but e15 means 10^15, which is 1,000,000,000,000,000, or 1 quadrillion.
Mathematics in retailing?
A retailer bought 10 mowing machines at rm888 each.He was offered trade discount of 10%,5% and the credit terms were 4/10,n/30.He also had to pay rm60 for transportation costs.Later,he sold these machines with a markup of 30% on selling price.For each machine,the net profit obtained was rm95.Find the total payment made for all the machines ten days from the date of the invoice.
