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    jmdrake10's Avatar
    jmdrake10 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 21, 2011, 02:14 PM
    3/10, n/30
    I am trying to figure out what my cash and sales discount amounts will be, but I seem to be doing something wrong. $3,547, terms 3/10, n/30.
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
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    #2

    Nov 21, 2011, 04:40 PM
    Show your calcs and where / why you think you're missing the mark. Those terms simply mean that if you pay within 10 days the vendor will accept 97% of the total in full payment of the bill. If you choose to pay on or after 11 days, the full 100% is due no later than 30 days.

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