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Business, 22.08.2019 20:00 southerntouch103

Abbey co. sold merchandise to gomez co. on account, $35,200, terms 2/15, net 45. the cost of the merchandise sold was $14,200. abbey co. issued a credit memo for $3,600 for merchandise returned that originally cost $1,200. gomez co. paid the invoice within the discount period. what is the amount of gross profit earned by abbey co. on the above transactions?

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Abbey co. sold merchandise to gomez co. on account, $35,200, terms 2/15, net 45. the cost of the mer...

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