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3 points Save Answer High Quality Jewelers uses the perpetual inventory system. On March 3, High Quality sold merchandise for $50,000 to a customer on

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3 points Save Answer High Quality Jewelers uses the perpetual inventory system. On March 3, High Quality sold merchandise for $50,000 to a customer on account with terms 4/15, 1/30. The cost of goods sold was $20,000. On March 18, High Quality received payment from the customer. Calculate the amount of gross profit. $48,000 $20,000 $30,000 $28,000

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