Michelle went to Likhang Maragondon Native Products Trading and bought 50 face mask for ₱ 16,000.00. When she got back to Manila, she sold 40 of the face masks for a total of ₱ 14,000.00 and the rest as ₱ 320.00 each. How much profit did Michelle gain?
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Michelle went to Likhang Maragondon Native Products Trading and bought 50 face mask for ₱ 16,000.00. When she got back to Manila, she sold 40 of the face masks for a total of ₱ 14,000.00 and the rest as ₱ 320.00 each. How much profit did Michelle gain?
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- Michelle went to Baguio and bought 20 jars of strawberry jam for 3,500.00 with 15%discaunt. when she got back to manila, she sold 10 of the jar a total of 1,800.00 the rest as 185.oo each. how much profit did michelle againRyan, an agent, was able to sell Mikoy Frozen Products worth 50,000.00. Given her commission of 10%. How much will he receive if his earnings are based on commission alone?For a cost of P 100.00, a box of apples was jointly purchased by Maria, Elena and Ana. One-half of what Maria paid added to one- fifth of what Elena paid and one-tenth of what Ana paid will make it P 40.00, and the sum of what Maria paid increased by one-eighth of what Elena paid diminished by 1/4 of what Ana paid will give a total of P 70.00. How much did each pay?
- esther has a small business store. last month, she purchased merchadise costing 20 000 pesos and sold it 80% of it amounting to 40 000 pesos after spending various expenses totaling rp 3 00 pesos.Marina has a small store. Last month, she purchased merchandise costing ₱75, 000 for which she gained 10% of the cost price. She also paid ₱2,000 for interest onmoney she borrowed for her store. a. How much was her cost of sales? b. How much profit did she make?Pepe and Pilar decided to open a souvenir shop during the town's fiesta. They agreed to manage the stall in rotation, with Pepe reporting in the first seven hours starting at seven o'clock in the morning and Pilar from three o'clock in the afternoon up to nine o'clock in the evening. This arrangement required for profits to be divided equally. The transactions are as follows: 1. Pepe purchased the souvenirs at a cost of P150,000. 2. Pilar paid for the stall operating expenses, P50,000. 3. Cash sales were made and withheld by cach operator: Pepc, P125,000 and Pilar, P150,000. Pepe returned the remaining unsold souvenirs and got a cash refund of P15,000. 4. Profit was determined at the end of the town fiesta. 5. Cash settlement was made by the operators. Required: a) Record in each book only the transactions affecting each operator. b) Determine profit or loss and made the entry in each book. c) Record cash settlement supported by an accountability table.
- Ester has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales?b. How much gross profit did she make?c. How much operating profit did she make?Carmen who is a sales representative receives a basic salary of Php. 400,000 per year plus a commission of 10% if she sold over Php, 50,000. Compute her income for a month in which she sold goods amounting to Php. 800,000.Roberto invested 18,000 in a chicken production operation. Using nonrecourse notes, the business purchases 120,000 worth of grain to feed the chickens. If Robertos share of the expense is 26,000, how much can he deduct?
- For each of the following, determine the amount that should be included in gross income: a. Peyton was selected the most valuable player in the Super Bowl. In recognition of this, he was awarded an automobile with a value of 60,000. Peyton did not need the automobile, so he asked that the title be put in his parents names. b. Jacob was awarded the Nobel Peace Prize. When he was presented the check for 1,400,000, Jacob said, I do not need the money. Give it to the United Nations to use toward the goal of world peace. c. Linda won the Craig County Fair beauty pageant. She received a 10,000 scholarship that paid her 6,000 for tuition and 4,000 for meals and housing for the academic year.Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. Shesold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining 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 InvestmentDominic went to the Car dealer to buy a car, He wanted the same car that his friend Barbara had bought the day before, which had a sticker price of Php850, 000. The salesman said he could give discount and ordered Dominic a significantly reduced price. However, Dominic knew that Barbara had received a 20% discount, and the salesman offered him only a 10% discount. When Dominic emphasized that his friend had received a 20% discount the day before, the salesman took another 5% of the 10% discounted price. Dominic was satisfied with the new price and bought the car, thinking he had paid the same price as Barbara. Was he right? Did they both pay the same price?
