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Purchasing

How to Calculate 2/10 Net 30

By
Joey Rubinstein
11 Jan 2022
5 min read
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Blog
Purchasing

How to Calculate 2/10 Net 30

Joey Rubinstein
August 11, 2024
2 Mins
Read

How to Calculate 2/10 net 30

Use the 2/10 Net 30 calculator to discover your supplier discount amounts, and save thousands.

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How to Calculate 2/10 Net 30

Purchasing
Published
August 11, 2024
A text graphic showing the words "Free Calculator" and "2/10 Net 30", with small text explanation for each part of the phrase
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What is 2/10 Net 30?

2/10 Net 30 (or Two-Ten Net Thirty) is the slang name for supplier provided discounts on inventory orders given to retailers and restaurants that pay early. The name 2/10 net 30 actually represents one of the most common discounts, which big suppliers like UNFI use.

Learn more here about why you should order from UNFI, or, if you happen to be looking for good wholesale suppliers, check out our post about our top 7 recommendations.

The '2' represents the discount percentage of the order, so it's a 2% discount. The '10' represents the amount of days the retailer has to pay in. In order to receive the 2% discount, you must pay the supplier in 10 days. "Net 30" represents the amount of days the retailer needs to pay in general, even without the discount. All this being said, a discount could just as easily be 5/15 Net 45.

Ultimately, 2/10 Net 30 is a clever way to incentivize retailers to pay quickly, in which all parties win. The big problem is that store owners are generally very overwhelmed and track their invoices by hand. This naturally means that store owners are not fully taking advantage of the discounts their suppliers offer.

Key Takeaways

How to Calculate 2/10 net 30

Use the 2/10 Net 30 calculator to discover your supplier discount amounts, and save thousands.

Ready to save some time on manual tasks?
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That probably sounds obvious. But stores can put so much effort into crafting world-busting menus and items, that they forget the soul-crushing, manual upkeep involved in tracking their finances or updating their point of sale. We'll do the boring work for you.

Ready to try a better way? Book a demo with us to see if we can help.
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