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Solace, Inc. sells merchandise inventory, costing $11,000, on account at a retail price of $16,000 with payment terms of 1/10, n/30. If the customer paid

Solace, Inc. sells merchandise inventory, costing $11,000, on account at a retail price of $16,000 with payment terms of 1/10, n/30. If the customer paid for the merchandise 8 days after receiving the invoice, how much gross profit will Solace recognize? O $15.840 O $11,000. O $16.000 $4,840

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