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Accounting for Purchase Discounts Kurt Company purchased $5,000 of merchandise from Marilyn Company with terms of 2/10,n/40. What percent discount will Kurt Company get if

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Accounting for Purchase Discounts Kurt Company purchased $5,000 of merchandise from Marilyn Company with terms of 2/10,n/40. What percent discount will Kurt Company get if it pays within the allowed discount period? If Kurt Company fails to pay within the discount period, how many days does Kurt Company have from the date of

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