What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales is 42.25% of the total sales? A) P53,129.00 B) P53,129.38 P72,620.62 D P72,620.00

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
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Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales is 42.25% of the total sales?
A) P53,129.00
P53,129.38
c) P72,620.62
D) P72,620.00
Transcribed Image Text:What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales is 42.25% of the total sales? A) P53,129.00 P53,129.38 c) P72,620.62 D) P72,620.00
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