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Accounting for Purchase Discounts Ken Company purchased $9,000 of merchandise from Marilyn Company with terms of 2/10, n/45. What percent discount will Ken Company

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Accounting for Purchase Discounts Ken Company purchased $9,000 of merchandise from Marilyn Company with terms of 2/10, n/45. What percent discount will Ken Company get if it pays within the allowed discount period? % If Ken Company fails to pay within the discount period, how many days does Ken Company have from the date of purchase before the payment is considered to be late? days

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