Reference no: EM133145733

Question - Answer the following problem. Show solution and box the answer.

1. Belfast runs a shop that specializes in selling various types of tea. The top 3 best selling tea are Earl Grey, Chamomile and English Blend. For the current month, the ratio of the top 3 best sellers are 14:9:7 respectively. If she was able to sell a total of 1,800 boxes of these best sellers for the current month, how many boxes of each kind of tea was she able to sell?

2. Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House.

3. Olivia and Ptilopsis are planning to rent a spot for 3 days in a bazaar to sell the medicinal concoctions they made for P349.75 each. The rent and other expenses for the 3-day bazaar amounted to P6,300.00. If the cost to make each medicinal concoction is P199.75, calculate for the number of items that they must be able to sell in order to achieve break-even. Then compute for the break-even amount.