Answer: To find the gross profit, we need to subtract the cost of the toy cars sold and the allowances for returns and defective cars from the amount of toy cars sold.

Step-by-step explanation:

Gross profit = Amount of toy cars sold - (Cost of toy cars sold + Allowances for returns and defective cars)

Gross profit = ₱68,245.75 - (₱35,536 + ₱3,693)

Gross profit = ₱68,245.75 - ₱39,229

Gross profit = ₱29,016.75

Therefore, the gross profit is ₱29,016.75