Answer with solution

Activity 2. Gross Margin vs. Mark-up Dr. Quinones, virgin coconut oil producer, produced 150 gallons of virgin coconut oil a week. He sold the 70% of it to Xtian Enterprises at P3,450.00 per gallon, and the remaining to the local manufacturer in nearby towns at P2,950.00 per gallon. The cost of sales associated in producing 150 gallons of virgin coconut oil amounts to P245,000.00. He also gives 8% discount to the local manufacturer and with a promise to deliver the product to each place. Operating expenses incurred for the month is P54,600.00. Based on the above situation fill the table below by copying it and writing your answer on a separate sheet of paper. Gross Margin Mark-up Cost of goods sold Mark-up Selling Price