Question

5. Calculate Profit if :
Cash Sales = 40,000
Credit Sales = 30,000
(Ans. Profit = * 17,000)
6. Calculate Not
Sales Returns = 3,000
Cost of Goods Sold = * 50,000​

Answer 1

Answer:

Profit = (Cash Sales + Credit Sales) - COGS - sales return

Profit = (40000 + 30000) - 50000 -3000

= 17000