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In 2017, Craylon Company has sales of P1,000,000, variable costs of P250,000, and fixed costs of P255,000

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In 2017, Craylon Company has sales of P1,000,000, variable costs of P250,000, and fixed costs of P255,000. In 2018, the company expects annual property taxes to decrease by P15,000

Calculate the breakeven point (in peso) for 2018.