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1) The company purchased $12,600 of merchandise on account under terms 2/10, n/30. 2) The company returned $2,100 of merchandise to the supplier before payment

  1. 1) The company purchased $12,600 of merchandise on account under terms 2/10, n/30.
  2. 2) The company returned $2,100 of merchandise to the supplier before payment was made.
  3. 3) The liability was paid within the discount period.
  4. 4) All of the merchandise purchased was sold for $19,200 cash.

What is the gross margin that results from these four transactions?

A. $6,600

B. $6,468

C.$8,910

D.$8,952

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