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How much is the realized gross margin

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Question 1: On August 1, 2014, Sugar Crush Marketing Co. sold a piece of land costing P 540,000 at a gross margin of 66 2/3% above cost. The buyer paid a 20% down payment and made four installment of P 36,000 each month during the same year staring September 1. Using the installment method of accounting, how much is the realized gross margin in 2014?

a. 72,000

b. 86,400

c. c. 129,600

d. d. 194,400

Reference no: EM132598507

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