10 Questions
What is the primary objective of any business, whether retail or wholesale?
To earn a profit
What is the expected outcome of Rodrigo's business venture?
Profit
What is the main purpose of computing the gross profit?
To determine the profitability of the business
What is the formula to compute the gross profit?
Net Sales - Cost of Sales = Gross Profit
How many perfume bottles are in each box?
12
What is the cost of each box of perfumes?
P12,000.00
What is the selling price of each perfume bottle?
P1,500.00
What is the purpose of market research in business?
To determine the target market
What is a key entrepreneurial skill for Rodrigo's business?
Pricing strategy
What is an essential principle of entrepreneurship?
Risk-taking
This quiz assesses your understanding of financial statement analysis, including operating profit margin rate, net profit margin rate, and their implications for business performance. Test your knowledge of financial metrics and their applications.
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