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What the amount of gross margin would be

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Problem 1: RST Co. sold for $5,000 inventory that had cost $3,000. Freight terms for the sale were FOB destination and payment terms were 1/10, n/30. RST paid freight costs of $200 in cash. The receivable was collected within the discount period. Based on this information alone, the amount of gross margin would be _____________. Show work

Reference no: EM132789828

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