-k No.: Inclusive Dates: ctions: Analyze and solve the given problem set. Show the complete solution. Use extra papers rour answers if needed. Esther has a small store. Last month, she purchased...

Extracted text: -k No.: Inclusive Dates: ctions: Analyze and solve the given problem set. Show the complete solution. Use extra papers rour answers if needed. Esther has a small store. Last month, she purchased merchandise costing P75,000 for which she paid freight of P7,500. She sold 60% of the merchandise for P68,000 after spending for various expenses totaling P13,000. She also paid P2,000 for interest on money she borrowed for her store. a. How much was her cost of sales? b. How much gross profit did she make? c. How much operating profit did she make? d. What was her net profit? You were given the following data for the Summit Marketing Co. as of January 31, 2020- P127,500 57,000 5,000 Sales Purchase (merchandise) Freight in Taxes and Licenses 900 300