1 Day Net Sale Amount Assumption Sale Less: Cost of Goods Sold Selling Price PHP 30.00 PHP 15.64 QTY Sold Total Amount 60 PHP 1,800.00 60 PHP 938.50 Gross Sale PHP 861.50 Less Expenses Salary Expense SSS Philhealth Pag-ibig Rent Expense Utilities Total Expense PHP 373.00 16.52 11.30 4.35 40.00 68.33 PHP 513.51 Net Income PHP 347.99