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The list price of a new van was $30,000 at a local car dealership. However, a customer convinced the dealer to sell the van for

The list price of a new van was $30,000 at a local car dealership. However, a customer convinced the dealer to sell the van for $25,000 (the van had cost the dealer $20,000 one year earlier). The van would cost the dealer $24,000 today. Inflation is 5% per year. The amount of profit that would be recognized by the dealer as a result of the sale using the nominal dollar approach is: A. $10,000. B. $2,500. C. $5,000. D. $6,000.

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