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How much profit did Slotnick realize on forfeited deposits

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Question - Slotnick Chemical received $270,000 from customers as deposits on returnable containers during 2018. Ten percent of the containers were not returned. The deposits are based on the container cost marked up 15%. In other words, the cost of the container is the deposit amount divided by (1+ mark up percent). How much profit did Slotnick realize on the forfeited deposits?

a. $0.

b. $3,522.

c. $27,000.

d. $4,050.

Reference no: EM132502813

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