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Find the actual profit

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James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% sales. Given this information, the actual profit is

A) 27,500
B) 18,000
C) 22,500
D) 22,000

(Could you explain how did you get the answer?)

Reference no: EM13299322

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