Slotnick realizing the forfeited deposits

Reference no: EM13122193

Slotnick Chemical received customer deposits on returnable containers in the amount of $300,000 during 2011. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits?

a. $0

b. $7,500

c. $9,000

d. $45,000

Reference no: EM13122193

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