The term "3/10, net 30" means that thirty percent of the face value of the invoice is due immediately, and that the rest must be paid within 30 days.

Name: The term "3/10, net 30" means that thirty percent of the face value of the invoice is due immediately, and that the rest must be paid within 30 days.
Brand: Quizplus
Rating: 4.8 (26 reviews)

Question

Quizplus · Accepted Answer

The term "3/10, net 30" means that a 3% discount can be taken off the total invoice amount if paid within 10 days, and the full amount is due within 30 days.

The Term "3/10, Net 30" Means That Thirty Percent of the Face