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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) 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 was made.
- 3) The liability was paid within the discount period.
- 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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