Gross Profit Variation Analysis and Earnings Per Share Determinalion 265 II. Multiple Choice Laline 1. The following gross margin data were taken from the income statements of a retailing firm X & Y,...

Extracted text: Gross Profit Variation Analysis and Earnings Per Share Determinalion 265 II. Multiple Choice Laline 1. The following gross margin data were taken from the income statements of a retailing firm X & Y, Inc. for two periods. Pertod A Period B Sales revenue.. P150.000. Cost of sales. Gross margin.. 100,000 P. 50,000 P141,750 91.000 P 50,750 If sales volume declined by 10% on Period B. the percentage of change in selling price is: 10% increase. 5% increase.. a. b. 5.5% increasc. d. 5% decrease. с. Items 2 and 3 are based on the following data: 2005 P200,000 $0,000 P 30,000 2006 Sales. Cost of sales. Gross profit. P208,000- 175,500 P 32,500 Unit selling price decreased by 20% in 2006. The net change in gross profit in 2006 duc to quantity factor is. P60,000 incrcase. b. P15,000 increase. P40,000 decrease. d. 2. a. с. P 8,000 increase. The change in gross profit due to the decrease in sclling price is: P 8,000 increase. b. P60,000 decrease. PS2,000 decrease. d. P52,000 increase. 3. a. C.