1. A watch store owner decided to offer 20% discount for a particular brand of watch that sells at P35.000.00. By doing so, his average sales increased from 5 watches to 12 wathes a day. If he bought one watch at a price of P22,000.00 from the supplier, by how much was his daily profit increased or decreased by offering such discount on the watch?
1. A watch store owner decided to offer 20% discount for a particular brand of watch that sells at P35.000.00. By doing so, his average sales increased from 5 watches to 12 wathes a day. If he bought one watch at a price of P22,000.00 from the supplier, by how much was his daily profit increased or decreased by offering such discount on the watch?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:After learning how to aompute the gross profit at least you have laarned now
how to do it by your own. Solve and compute tha foltowing:
1. A watch store owner cecided to offer 20% discount for a particular brand of
watch that sells at P35.000.00. By doing so, his average sales increased from
5 watches to 12 watches a day. If he bought one watch at a price of
P22,000.00 from the supplier, by how much was his daily profit increased or
decreased by offering such discount on the watch?
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