BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The terms 3/15, and n/30 mean that if the purchaser pays within fifteen days they receive an early payment discount of 3%. If they do not pay within the discount period, the due date is 30 days after the invoice date.

Detailed explanation-2: -3/10 net 30 means a 3% discount if a customer pays within 10 days. Otherwise, the total amount is due within 30 days of the invoice date.

Detailed explanation-3: -What Does 2/10 Net 30 Mean? 2/10 Net 30 refers to the trade credit offered to a customer for the sale of goods or services. 2/10 net 30 means that if the amount due is paid within 10 days, the customer will enjoy a 2% discount. Otherwise, the amount is due in full within 30 days.

Detailed explanation-4: -2/10 net 30 is a trade credit often offered by suppliers to buyers. It represents an agreement that the buyer will receive a 2% discount on the net invoice amount if they pay within 10 days. Otherwise, the full invoice amount is due within 30 days. It’s one of the most used formulations of an early payment discount.