Consider the following short case as you respond to the next question:
VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2 / 10, n / 30. VLC paid the outgoing freight charge of $10. PRT paid the invoice within the discount period.
Inclusive of all the transactions that affect the income statement, VLC’s gross profit on the sale was:

		A. $100
		B. $90
		C. $94
		D. $84

Answer rating: 100% (QA)

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