Net Payment Due in 30 Days

Net 30 is a form of trade credit which specifies payment is expected to be received in full 30 days after the goods are delivered. Net-30 terms are often coupled with a credit for early payment; e.g. the notation "2% 10, net 30" indicates that a 2% discount is provided if payment is received within 10 days of the delivery of goods, and that full payment is expected within 30 days.

For example, if "$1000 2/10 net 30" is written on a bill, the buyer can take a 2% discount ($1000 x .02 = $20) and make a payment of $980 within 10 days.

If credit terms of "2/10, net 30" are offered, the approximate cost of not taking the discount and paying at the end of the credit period would be as follow:

[2/(100-2)]*[365/(30-10)]=0.3724 in percentage = 37.24%

Email Support (Add mm.st to your email program's Approved Senders List or White List to lessen the chance that spam filters will block our emails to you. Instructions)