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What is the amount collected in the month

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Reference no: EM132761783

Problem 1: Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. What is the amount collected in this month?

Option 1: 80,000

Option 2: 48,000

Option 3: 24,000

Option 4: 70,400

Reference no: EM132761783

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