Quality Jewelers Uses the Perpetual Inventory System

Quality Jewelers uses the perpetual inventory system.On April 2,Quality sold merchandise for $60,000 to a customer on account with terms of 2/15,n/30.The allowances and returns on this sale amounted to $2,000 and $8,000,respectively.The cost of goods sold was $23,000.On April 20,Quality received payment from the customer.Calculate the amount of gross profit.

A) $50,000
B) $23,000
C) $27,000
D) $25,800