What are Zens cost of goods sold and operating income for 2009 Zen, - ProProfs Discuss
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What are Zens cost of goods sold and operating income for 2009 Zen, Inc. maintains a markup of 60% based on cost. The companys selling and administrative expenses average 30% of sales. For 2009, sales amounted to P960,000?



A. P570,000 P 96,000
B. P576,000 P288,000
C. P600,000 P 72,000

This question is part of practical accounting 1
Asked by John_allen, Last updated: Dec 18, 2019

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2 Answers

John Adney

How did you get the 72,000?
 

John Smith

John Smith

Answered Nov 02, 2016

P600,000 p 72,000
 

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