A sales discount is O considered to be a sales allowance. O an incentive for customers to pay quickly. O recorded as a contra revenue account. O a cash savings to the purchaser. View Policies Current Attempt in Progress A company shows the following balances: Sales Sales returns and allowances Cost of goods sold Operating expenses $900000 300000 540000 74000 What is the gross proht margin? O 10.0% O 60.0% 75.0% 810,0% Save for Later Attempts: 0 of 1 used Submit