(Show Solutions)

Nette & Company has sales of P400,000 with variable costs of P300,000 fixed costs of P120,000 and an operating loss of P20,000. By how much would Nette need to increase its sales in order to achieve a target profit of 10% of sales? Select one: O a. P400,000 O b. P800,000 O c. P462,000 O d. P500,000