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ABC Company registered a total sales is P150,000 for the month of April and gross profit rate based on sales is 20%. Total operating expenses

ABC Company registered a total sales is P150,000 for the month of April and gross profit rate based on sales is 20%. Total operating expenses amounted to P10,000. How much is the net income?

a. 10,000

b. none of the above

c. 20,000

d. 15,000

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