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Given a sales of ₱328,560; Cost of sales of ₱150,640; and a Net profit of ₱135,120. How much is the total operating expenses?

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Answer:

Operating Expense = ₱42,800

Solution:

Sales ₱328,560

Less: Cost of sales ₱150,640

Gross Profit on Sales ₱177,920

Less: Net Profit ₱135,120

TOTAL OPERATING EXPENSE ₱42,800

"Less" means deduct/subtract

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