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Business
Accounting
2021 2020 Sales P2,080,000 P2.000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325.000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: P150,000 increase P80,000 increase P600,000 increase P400,000 increase

2021 2020 Sales P2,080,000 P2.000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325.000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: P150,000 increase P80,000 increase P600,000 increase P400,000 increase

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: P150,000 increase P80,000 increase P600,000 increase P400,000 increase
Transcribed Image Text:2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: P150,000 increase P80,000 increase P600,000 increase P400,000 increase
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