12 What's More Compute the Gross Profit Answer the given problem. 1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the merket, so she sold tha reimaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment uing questions:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

hsbxusbchiaxbwbxiisd

11
12
What's More
Compute the Gross Profit
8,776.34
Answer the given problem.
1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%.
4,743.81
She sold half dozen at a price of P18,000.00 per unit. However, a new model
of smartphone became available in the merket, so she sold the reinaining half
032.53
dozen @ P12,000.00 each unit. What was her profit or loss?
Compute the following requirements:
a. Gross profit rate
b. Operating profit margin rate
nothing is
treprenuer
c. Net profit margin rate
d. Return on Investment
atrepreneur
Now ask yoursejf the following questions:
1. Is creativity present in the operation of ordinary small bus inesses along
the streets and highways and in your neighborhood? Why do you say
as an art.
luating the
so?
Transcribed Image Text:11 12 What's More Compute the Gross Profit 8,776.34 Answer the given problem. 1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. 4,743.81 She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the merket, so she sold the reinaining half 032.53 dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate nothing is treprenuer c. Net profit margin rate d. Return on Investment atrepreneur Now ask yoursejf the following questions: 1. Is creativity present in the operation of ordinary small bus inesses along the streets and highways and in your neighborhood? Why do you say as an art. luating the so?
11
12
What's More
Compute the Gross Profit
8,776.34
Answer the given problem.
1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%.
4,743.81
She sold half dozen at a price of P18,000.00 per unit. However, a new model
of smartphone became available in the merket, so she sold the reinaining half
032.53
dozen @ P12,000.00 each unit. What was her profit or loss?
Compute the following requirements:
a. Gross profit rate
b. Operating profit margin rate
nothing is
treprenuer
c. Net profit margin rate
d. Return on Investment
atrepreneur
Now ask yoursejf the following questions:
1. Is creativity present in the operation of ordinary small bus inesses along
the streets and highways and in your neighborhood? Why do you say
as an art.
luating the
so?
Transcribed Image Text:11 12 What's More Compute the Gross Profit 8,776.34 Answer the given problem. 1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. 4,743.81 She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the merket, so she sold the reinaining half 032.53 dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate nothing is treprenuer c. Net profit margin rate d. Return on Investment atrepreneur Now ask yoursejf the following questions: 1. Is creativity present in the operation of ordinary small bus inesses along the streets and highways and in your neighborhood? Why do you say as an art. luating the so?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Individual Securities
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education