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Compute for the unrealized gross profit

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Question - These data pertains to installment sales of EWAN store: down payment 20%; installment sales: P545,600 in 2010; P785,000 in 2011, and P968,000 in 2012; mark up on cost is 35%; collection after down payment: 40% in the year of sale, 35% in the year after sale, and 25% in the third year. Compute for the unrealized gross profit at the end of 2012.

Reference no: EM132104333

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