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Determine the profit for the period

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Reference no: EM133092445

Question - Sales P750,000; Sales returns and allowances 15,000; Sales discounts 10,000; Purchases 170,000; Purchases Returns and Allowances 20,000; Transportation In 30,000; Selling Expenses 75,000; General and Administrative Expenses 275,000; Merchandise inventory, beginning 55,000; Merchandise inventory, ending 35,000. Determine the profit for the period?

a. P525,000

b. P450,000

c. P175,000

d. P250,000

Reference no: EM133092445

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