Question: Merchandise costing $ 2,000 is sold for $ 3,000 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be

Merchandise costing $ 2,000 is sold for $ 3,000 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit?

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