On November 1, 2019. Alpha Omega, Inc. sold merchandise for $18,000, FOB destination with payment terms, n/30. The cost of goods sold was $5,580. On November 3, the customer returns on this sale amounted to $7.200. The company received the balance on November 9, 2019. Calculate the gross profit from these transactions:

1. A. $7,452 
2. B. $3,348 
3. C. $5,580 
4. D. $2.232

Answer rating: 100% (QA)

Gross profit rate Gross ... View the full answer