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Slotnick Chemical received customer deposits on returnable containers in the amount of $270,000 during 2016. Nine percent of the containers were not returned. The deposits
Slotnick Chemical received customer deposits on returnable containers in the amount of $270,000 during 2016. Nine percent of the containers were not returned. The deposits are based on the container cost marked up 10%. How much profit did Slotnick realize on the forfeited deposits? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) |
A.$0.
B. $2,430.
C. $2,209.
D. $24,300.
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