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aimee1993

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  • October 25, 2016 at 8:25 am #345938
    mysteryaimee1993
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    Hello,

    My question is related to December 2008 question 1 part C – Pace Company.

    Can anyone explain how to get the gross profit of year 4?
    I don’t understand the calculation of year 4 gross profit “(40-5-4.75)/(100(0.95)(0.95))”. Where is the 4.75 come from?

    Thank you

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