Multiple Choice
Slotnick Chemical received customer deposits on returnable containers in the amount of $300,000 during 2013. 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.
Correct Answer:
Verified
Correct Answer:
Verified
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