The net sales of Rockstore Interprises in Bulacan last year was Php 159, 251.85. Cost of goods sold amounted to Php 120,495.00. Operating expense were: Salaries Php 28,251.25; Rent Php 15,000; light and water Php 4,850; and advertisement Php 4,500. Find a. Gross profit b. Total operating expenses c. Net profit
The net sales of Rockstore Interprises in Bulacan last year was Php 159, 251.85. Cost of goods sold amounted to Php 120,495.00. Operating expense were: Salaries Php 28,251.25; Rent Php 15,000; light and water Php 4,850; and advertisement Php 4,500. Find a. Gross profit b. Total operating expenses c. Net profit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The net sales of Rockstore Interprises in Bulacan last year was Php 159, 251.85. Cost of goods sold amounted to Php 120,495.00. Operating expense were: Salaries Php 28,251.25; Rent Php 15,000; light and water Php 4,850; and advertisement Php 4,500. Find
a. Gross profit
b. Total operating expenses
c. Net profit
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