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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​

Sagot :

Answer:

Step-by-step explanation:

Gross profit margin = Gross profit / Net sales

Since Cost of sales is higher than the Net sales, there is a loss of 10,000.

Gross profit margin:

10,000 / 180,000

= - 0.0555 or - 0.056 multiply by 100%

= - 5.56%

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