Question

2) A sole trader buys goods totalling £10,000 and sells 60% of them for £9,000 what is the trader’s gross profit?

Answer 1

Answer:

the traders gross profit is €3000

Explanation:

the seller sold 60%of total purchase which was €10000 is become 6000 .

so. our seller sold good's purchase price is €6000.

gross profit=sales -purchase

• €9000-€6000=€3000