Question: Sanchez Co . sold for $ 1 2 , 0 0 0 inventory that had cost $ 8 , 0 0 0 . Freight terms

Sanchez Co. sold for $12,000 inventory that had cost $8,000. Freight terms for the sale were FOB destination and payment terms were 1/10, n/30. Sanchez records sales transactions at the gross amount. Sanchez paid freight costs of $400 in cash. The receivable was collected within the discount period. Based on this information alone, the amount of gross margin would be ?
 

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