Question

19. Calculate gross profit, operating profit and net profit from the following:
Particulars
Amount
Particulars
Opening stock
2,00,000
Commission paid
Purchases
19,00,000
Commission received
Sales
25,00,000
Traveling expenses
Purchase return
70,000
Office expenses
Sales return
1,00,000
Interest on long term loans
Wages
80,000
Dividend on investment
Advertising
12,000
Printing and stationery
Salaries
1,78,000
Loss on sale of machinery
Rent and taxes
62,000
Carriage outward
Lighting
15,000
Loss by theft
Gain on sale of building
(4)
Amount
2,400
6,000
4,800
3,500
22,000
2,800
3,600
35,000
1,400
25,100
50,000
Closing stock was valued at Rs. 2,50,000

Answer 1

Answer:

your GP is 93400

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