The credit terms of "10/15, net 30" mean that the payment is due within 15 days, but if paid within 10 days, there is a net 30% discount.

Name: The credit terms of "10/15, net 30" mean that the payment is due within 15 days, but if paid within 10 days, there is a net 30% discount.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The terms "10/15, net 30" mean that a 10% discount is available if the payment is made within 15 days, and the full payment is due within 30 days. There is no 30% discount mentioned.

The Credit Terms of "10/15, Net 30" Mean That the Payment