PR-6 LO 7-4 A shoe retailer bought inventory for $20,000 and sold it for $35,000. What is the gross profit on the entire shipment if the business takes advantage of the early cash payment terms of 3/10, n/30 from its supplier?

A shoe retailer bought inventory for $20,000 and sold it for $35,000. What is the gross profit on the entire shipment if the business takes advantage of the early cash payment terms of 3/10,n/30 from its supplier