Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower than 2020: 2021 2020 Sales Cost of Sales Gross Profit P 792,000 P1,944,000 1,152,000 A. (8.97%) B. 8.97% P1,900,800 1,113,600 P787,200 Increase (decrease) in cost price must be C. (9.85%) D. 9.85%
Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower than 2020: 2021 2020 Sales Cost of Sales Gross Profit P 792,000 P1,944,000 1,152,000 A. (8.97%) B. 8.97% P1,900,800 1,113,600 P787,200 Increase (decrease) in cost price must be C. (9.85%) D. 9.85%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Sharp Co. has generated these data for the 2 most recent
years where 2021 sales price was 10% lower than 2020:
2021
2020
Sales
P1,944,000
Cost of Sales
1,152,000
Gross Profit P 792,000
P1,900,800
1,113,600
P787,200
Increase (decrease) in cost price must be
C. (9.85%)
D. 9.85%
A. (8.97%)
B. 8.97%
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