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.
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