see that you have come to us today regarding a sale issue.
I’m sorry to hear about your issues. When a vendor invoice includes terms of 4/10, n/30, the "4" represents 4% of the amount owed, the "10" represents 10 days, the "n" represents the word "net," and the "30" represents 30 days. The terms 4/10, n/30 indicate that the buyer may take an early payment discount of 4% of the amount owed if the amount owed is remitted within 10 days instead of the normal 30 days. In other words, the buyer can choose either of the following:
Pay within 10 days and deduct 4% of the net amount owed (the invoice amount minus any authorized returns and/or allowances), or
Pay in 30 days and take no discount.
Free On Board (FOB) Contract is a trade term requiring the seller to deliver goods on board a vessel designated by the buyer. When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier. That is not relevant to the price though.
So Lee would be paying $7000 with a 4% discount; or $280 off. So Lee would pay $6,720 if Jordan pays the freight.
I do certainly hope you find this information helpful. My goal is to make sure you are satisfied with the information provided. In the event you have any further questions or need further information, I am going to be available for the next few hours.