Compute the Gross Profit Answer the given problem 1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5% She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen P12,000.00 each unit. What was her profit or loss?

Compute the following requirements: a Gross profit rate b. Operating profit margin rate c. Net profit margin rate d Return on Investment 13

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Jardinazolunamjviz Jardinazolunamjviz · Answer 1

Answer:

a.) Gross Profit Rate..

6 smartphones at prices of 18,000 unit

=18,000 (6) =108,000

6 remaining phones at price of 12,000 /unit

=12,000 (6) =72,000

Total Net Sales=108,000+72,000

=180,000

Less of Cost Sales =190,000

Gross Profit = 180,000-190,000=-10,000

Gross Profit Rate= Gross Profit

/Net Sales

=-10,000

/ 180,000

Gross Profit Rate= 5.56%