10%
1/10th
10 percent is a 10th of something, so 10 percent of $10 is $1.
10% is the same as 1/10th. 10% of 475 = 47.5
10% = 10/100 = 1/10th. So, 10% of $8.00 is $0.80
1% discount if paid by the 10th of the month, net amount is due on 30th of the month.
1 percent 10th means that if you pay the balance by the 10th of the month then you can take a 1% discount on the balance due, net 30 means that if you choose to not pay the balance on or before the 10th the full balance is due 30 days after date on invoice.
10 percent is 1 10th
10%
1/10th
1/10th of 1 percent
10 percent is a 10th of something, so 10 percent of $10 is $1.
10% is the same as 1/10th. 10% of 475 = 47.5
This is really odd for me to see, usually when a company uses "prox" it's for dates, such as 1-30 (days of the month). From what I've seen however, Prox 45, may mean that the payment is due with-in 45 days of the invoice date. Prox standing for Proximo, which literally means, Of or in the following month {or} in or of the next month after the present; "scheduled for the 6th prox"
It means that all invoices from a given month are due by the 25th of the following month. For example, invoices dated 1/01/08 thru 1/31/08 are due 2/25/08.
One percent up front, balance due in 30 days.
With 100% = 1 10% is = 1/10th of 100% (100/10 = 10) So (1/10) * (117/1) = 11.7