High Quality Jewelers uses the perpetual inventory system. On March 3, High Quality sold merchandise for $55,000 to a customer on account with terms 4/15, n/30. The cost of goods sold was $22,000. On March 18, High Quality received payment from the customer. Calculate the amount of gross profit.
A) $52,800
B) $33,000
C) $30,800
D) $22,000
C) $30,800
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