夏季集中ゼミ用資料（２）

What do the terms 2/10 and n/30 mean?

Many industries or trades will have typical terms, such as “2/10 net 30.” This means the entire balance is due within 30 days of the invoice, but the buyer can take a 2% cash discount if the bill is paid within 10 days. Buyers should always take cash discounts, even if they have to borrow money to do so (unless the loan interest rate is very high).