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Information concerning an entity's product is as follows: Sales, P300,000; Variable Cost, P240,000; and Fixed Cost, P40,000. Assuming that the entity increases sales of its

image text in transcribed Information concerning an entity's product is as follows: Sales, P300,000; Variable Cost, P240,000; and Fixed Cost, P40,000. Assuming that the entity increases sales of its product by 20%. What should be the net income from its product

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