Question

2. The sale of Nida’s Bookstore last year was P54, 042.79. Inventory at the beginning of the year was P31,560.20. Purchases amounted to P19,238.35 and inventory at the end of the year was P21,984.69. Expenses during the year totaled P11,949.67. Find a) cost of goods sale: b) gross profit; c) net profit

Answer 1

Answer:

sale of year 2020 yes profit