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2. Malou Phet has a small store. Last month, she purchased merchandise costing P75,000.00 for which she paid freight of P7,500.00 She sold 60% of
2. Malou Phet has a small store. Last month, she purchased merchandise costing P75,000.00 for which she paid freight of P7,500.00 She sold 60% of the merchandise for P68,000.00 after spending for various expenses totaling P13,000.00. She also paid P2,000.00 for interest on money she borrowed for her store. a. How much was her cost of goods sold? b. How much gross profit did she make? How much operating profit did she make? d. What was her net profit? C
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