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2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
It is not correct to divide by 100 and use the percent sign at the same time; it would literally imply division by 10,000. For example, 25% = 25 / 100 = 0.25, not 25% / 100, which actually is 25 ⁄ 100 / 100 = 0.0025. A term such as 100 / 100 % would also be incorrect, since it would be read as 1 percent, even if the intent was to say 100%.
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