1- During the current year, merchandise is sold for $754000. The gross profit is $301000. What is the amount of the Cost of Merchandise Sold ?

2-For the fiscal year, sales were $8190000, sales discounts were $120000, sales returns and allowances were $40000, and the cost of merchandise sold was $4360000. What was the amount of gross profit?

3-Piedmont Company purchased merchandise on account from a supplier for $44000, terms 2/10, n/30. Piedmont Company returned $7000 of the merchandise and received full credit.If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment?