Question: General accounting question correct option Nova Corp. sold inventory for $9,000. The cost of the inventory was $6,400. The sale had terms of 1/10, n/30,

General accounting question correct option

Nova Corp. sold inventory for $9,000. The cost of the inventory was $6,400. The sale had terms of 1/10, n/30, FOB destination. Nova paid $300 in freight. The customer paid within the discount period. What is the gross margin? a. $2,700 b. $2,506 c. $2,400 d. $2,510

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