Chapter 6 exercises part 1 1 7 Saved Help Save & Exit Submit Merchandise costing $1,200 is sold for $2,200 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit? Net Sales points cBook Print References Mc Graw Hill Gross Profit < Prev 7 of 10 Score answer > Check my work