In order to have uniform answers, please follow the answer formats given. For currency answers, use the format "PhpX,XXX.XX", Use comma to separate thousands, and always give two decimal places for the centavo part. Given the following data, compute for the gross profit on sales Total Sales is Php2,000,000 Cost of sales is 25% of the total sales; Total expenses is Php300,000 Corporate tax rate is 30%