Answer with solution

Direction: Read and understand the problem below. Write your answer on a separate sheet of paper. Lea sells jewelry. She had a piece that costs P12,800.00 which she sold for P16,000.00. The only expense for her was her transportation expenses totaling to P560.00. 1. How much was her cost of goods sold? 2. How much was her margin? 3.What is the rate of her gross margin? 4. How much profit did she earn