Orocan Inc. consigned 12 cabinets, which costs P960 each, to SM Store, which was to sell it for a 15% commission based on selling price. Orocan Inc. paid freight cost amounting P240 and reimbursed SM Store P250 for its delivery to customers. On August 30, 2030, SM Store reported that it had sold 8 cabinets, 6 for cash at P1,800 and 2 for credit basis at P2,160 of which it had collected 20% as down payment. How much is the net profit of Orocan Inc. on consignment sales?Question 3AnswerA.P4,682B.P4,845C.P4,006D.P4,762