Answer:
$12,240
Explanation:
If the deposits are equivalent to the cost of the containers marked up by 25%, the total cost of goods sold is:
[tex]C = \frac{\$102,000}{1.25}=\$81,600[/tex]
Since 15% of the containers were not returned, the cost of goods sold relative to this forfeiture is given by the total cost multiplied by the fraction not returned:
[tex]C_{f}=\$81,600*0.15=\$12,240[/tex]
$12,240 is the cost of goods sold relative to this forfeiture.
