Solved: The cost of the merchandise sold is 9450 what is the amount, Accounting Basics

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The cost of the merchandise sold is 9450 what is the amount

Question - Abbey Co. sold merchandise to Gomez Co. on account, $13,500, terms 2/15, net 45. The cost of the merchandise sold is $9,450. Abbey Co. issued a credit memo for $2,000 for merchandise returned that originally cost $1,400. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions? If required, round to the nearest dollar... I would like to know how exactly to do this.

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Accounting Basics: The cost of the merchandise sold is 9450 what is the amount

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