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Shoes, Unlimited operates a chain of shoe stores around the country. The stores carry many styles of shoes that are all sold at the same price. To encourage sales personnel to be aggressive in their sales efforts, the company pays a substantial sales commission on each pair of shoes sold. Sales personnel also receive a small basic salary.
The following cost and revenue data relate to Store 21 and are typical of the company's many sales outlets:
Selling price P 800
Variable expenses:
Invoice costs P360
Sales commission 140
500
Fixed expenses per year:
Rent P1,600,000
Advertising 3,000,000
Salaries 1,400,000
Total P6,000,000
Problem 1: The company is considering paying the store manager a P60 commission on each pair of shoes sold in excess of break-even point. If this change were made, what will be the store's before tax profit or loss assuming 23,500 pairs of shoes are sold in a year?
A. P(360,000) C. P840,000
B. P2,930,000 D. P1,330,000
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