2/10, n/30 find the complement and net amount paid
To find the complement and net amount paid for a given terms of sale, such as 2/10, n/30, follow these steps:
1. 2/10 refers to a discount offered for paying early. In this case, it means that if the payment is made within 10 days, a 2% discount can be applied.
To find the complement, subtract the discount (2%) from 100%.
Complement = 100% - Discount
Complement = 100% - 2%
Complement = 98%
So, the complement for this case is 98%.
2. The n/30 refers to the credit terms, indicating that the payment is to be made within 30 days.
This means no discount is applicable after the initial 10-day period.
To find the net amount paid, we'll apply the complement (98%) to the original price and calculate the amount saved.
Net Amount Paid = Original Price - Amount Saved
For example, let's assume the original price is $100:
Amount Saved = Original Price * Discount
Amount Saved = $100 * 2/100
Amount Saved = $2
Net Amount Paid = Original Price - Amount Saved
Net Amount Paid = $100 - $2
Net Amount Paid = $98
Therefore, the net amount paid after taking into account the discount is $98.