In 2013, Amana sold 10 washing machines, which cost $700 each, for a price of $1 300 each. All sales are made on credit and $7 000 was collected in 2013. Using the sales method, how much gross profit will Amana recognise in 2013?
A) $6 000
B) $7 000
C) $6 800
D) $13 000
Correct Answer:
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