Question

6. Calculate Net Profit from the given data:
Credit Sales = * 40,000
Cash Sales = 35,000
The cost of goods sold = 152,000
Expenses incurred on sales = 6,700​

Answer 1

Explanation:

Credit Sales = * 40,000

Cash Sales = 35,000

The cost of goods sold = 152,000

Expenses incurred on sales = 6,700