In July, Telly-Rental sells a home theatre for $1,000 on an installment basis. The system costs Telly-Rental $400. Telly-Rental generally earns a gross profit of 15%. How much revenue is recorded by Telly-Rental in July?
A) $0
B) $150
C) $400
D) $1,000
Correct Answer:
Verified
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