Operating Expenses was P 45,000, Sales Returns and Allowances was P13,000, Sales Discounts was P6,000, Sales was
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Question:
Operating Expenses was P 45,000, Sales Returns and Allowances was P13,000, Sales Discounts was P6,000, Sales was P160,000, and Cost of Goods Sold was P77,000. The gross profit rate would be
A).500.
B).454.
C).538
D).546.
Expert Answer:
The detailed answer for the above question is provided below Option D0546is the cl... View the full answer
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