Terms of 3/10, n/30 means that a customer is allowed a 3% discount if he or she pays before the 10th day of the month following the sale.

Question

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The term "3/10, n/30" means a customer can take a 3% discount if the invoice is paid within 10 days; otherwise, the net (full) amount is due within 30 days from the invoice date, not specifically related to the month following the sale.

Terms of 3/10, N/30 Means That a Customer Is Allowed