Quick Definition

1%/10 Net 30 is a common credit term that offers a 1% discount on invoice payments if paid within 10 days, otherwise the full amount is due within 30 days.

Formula

Examples

• 1A company receives an invoice for $1,000 with terms 1%/10 Net 30. If they pay within 10 days, they only pay $990, saving $10.
• 2A business purchases supplies worth $5,000 under 1%/10 Net 30 terms. By paying in 10 days, they reduce their bill to $4,950.
• 3If a retailer receives a $2,000 invoice with 1%/10 Net 30 terms and pays on the 30th day, they pay the full $2,000, missing out on a $20 discount.

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