On march 12, medical waste services provides services on account to grace hospital for $10,200, terms 4/10, n/30. grace does not pay for services until march 31, missing the 4% sales discount.

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Nancy Cooley

4 December, 23:00

On march 12, medical waste services provides services on account to grace hospital for $10,200, terms 4/10, n/30. grace does not pay for services until march 31, missing the 4% sales discount.

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Augustus Hull · Answer 1

In this case she would owe the full "net" amount of $10,200 within 30 days.

4/10 n/30 means a 4% discount if paid within 10 days and the full amount if paid more than 10 but 30 days or less.