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How much must be total administrative expenses

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Problem 1: Net sales for the year amounted to ?1,000,000 with cost of sales representing 50%. If net income were 10% of net sales and 25% of total operating expenses were distribution costs, then how much must be total administrative expenses, assuming no other income nor other expenses for the year?

a. ?100,000
b. ?300,000
c. ?450,000
d. ?150,000

Reference no: EM132831144

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