SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold?

a. 360,000

b. 590,000

c. 840,000

d. 1,090,000

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