Understanding Sales Discounts: A Guide to Calculating “2/10 n/30”
In the world of commerce, understanding sales discounts is crucial for businesses looking to optimize their cash flow and manage their accounts payable effectively. “2/10 n/30” is a common sales discount term that offers buyers a financial incentive for prompt payment. This article provides a comprehensive guide to calculating sales discounts using the “2/10 n/30” format, exploring its significance, benefits, and historical development in the business realm.