Net income of Nylon Company for the year ended December 31, 2017 was P480,000.

Percentage distribution of some of the items in the income statement was as

follows:
Selling Expenses – 10% of Sales; Administrative Expenses, excluding Bad Debts
– 15% of Sales (also equal to 25% of Cost of Sales); Bad Debts Expenses – 3%
of sales.

What was the amount of Nylon Company’s sales during 2017?

C .15/.25=60%; 100%-60%-10% - 15% - 3% = 12%; 480,000/12% = 4.0M