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5 April, 19:59

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? Answer % If Kurt Company fails to pay within the discount period, how many days does Kurt Company have from the date of purchase before the payment is considered to be late? Answer days

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  1. 5 April, 22:32
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    (a) 2%

    (b) 40 days

    Explanation:

    given data

    purchased = $5,000

    solution

    we have given term 2/10, n/40

    so payment is done with in 10 days from date of purchase

    so 2 % discount is allowed

    and

    term show that due date for payment is 40 days from date of purchase

    if we not done with in limit

    so it is consider as a late
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