1. Pharmaly-maly Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently. The total credit sales in the current month of September were P80,000 and total collections in September were P57,000. Determine the credit sales in July?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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1. Pharmaly-maly Company has a collection schedule of 60%
during the month of sales, 15% the following month, and
15% subsequently. The total credit sales in the current
month of September were P80,000 and total collections in
September were P57,000. Determine the credit sales in July?
Transcribed Image Text:1. Pharmaly-maly Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently. The total credit sales in the current month of September were P80,000 and total collections in September were P57,000. Determine the credit sales in July?
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