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From the given picture, compute for
the percentage in increase/decrease
in sales.
3 points
Sales
Less: Cost of Sales
Gross profit on sales
2020
2019
P 400,000
P 350,000
220,000
200,000
P180,000
P 150,000
Less: Operating expenses
Selling expenses
P 100,000
100,000
General and Administrative
50,000
40,000
Expenses
Total Operating Expenses
P150,000
1 140,000
Operating Income
P 30,000
10,000
Less: Provision for income taxes
10,000
P5,000
Net Income
P 20,000
P5,000
Increase by 30%
Increase by 20%
Increase by 15%
Increase by 10%
Increase by 5%
None of the choices