33.6k views
1 vote
Dolls were sold for ₱42,356 gross, with returns amounting to ₱3,479. The cost of the dolls sold is ₱27,212. What is the gross profit?

1 Answer

5 votes

Answer:

To find the gross profit, we need to subtract the cost of the dolls sold from the gross sales revenue (after returns have been deducted).

First, we need to calculate the net sales revenue, which is the gross sales revenue minus the returns:

Net sales revenue = Gross sales revenue - Returns

Net sales revenue = ₱42,356 - ₱3,479

Net sales revenue = ₱38,877

Next, we can calculate the gross profit:

Gross profit = Net sales revenue - Cost of goods sold

Gross profit = ₱38,877 - ₱27,212

Gross profit = ₱11,665

Therefore, the gross profit from the sale of the dolls is ₱11,665.

[ rate 5 stars po and thanks if this helps u po! welcome! ]

User LarsMonty
by
7.7k points