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Cheri works at a telescope shop. The shop offers all employees a discount of 22% on merchandise. Cheri purchases a telescope that retails for $2,500

Cheri works at a telescope shop. The shop offers all employees a discount of 22% on merchandise. Cheri purchases a telescope that retails for $2,500 and takes her employee discount. The shop's gross sales are $3,200,000 and its cost of goods sold is $2,400,000. How much must Cheri include in her income related to the purchase of the telescope? Question 6Answer Zero $50 $75 $550 None of the above

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