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Abbey Co . sold merchandise to Gomez Co . on account, $ 2 5 , 7 0 0 , terms 2 / 1 5 ,

Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, n/45. The cost of the goods sold was $13,834. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,197. What is the amount of gross profit earned by Abbey Co. on these transactions?
a. $12,637
b. $3,100
c. $12,549
d. $9,963

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