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lbey Co sold mechundse to Gome Co on account, 515,000, teres 2/1 and a credk m fo 3,00 for merchandise returned that originally cost $1,700.

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lbey Co sold mechundse to Gome Co on account, 515,000, teres 2/1 and a credk m fo 3,00 for merchandise returned that originally cost $1,700. Gomer Co paid the iewolce within the discount period. What is the amount of gross profit eaned by Abbey Co on the above transactions Oa 17,92 Ob 130,772 S, net 45. The cost of the merchandise sold was $24,500. Abbey Co. 6 8 9 a8

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