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Abbey Co . sold merchandise to Gomez Co . on account, $ 3 5 , 0 0 0 , terms 2 1 5 , net

Abbey Co. sold merchandise to Gomez Co. on account, $35,000, terms 215, net 45. The cost of the goods sold was $24,500. Abbey Co. issued a credit memo for $3,600 for merchandise returned that originally cost $1,700. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit eamed by Abbey C0. on the above transactions?
a. $10,500
b. $30,772
c. $7,972
d. #9,800
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