Question

6. From the following figures, ascertain the gross profit of Ranbir:
₹
Opening stock
25,000 Closing stock
Goods purchased during the year
1,40,000 Sales
Freight and packing on above
10,000 Packing expenses on sales
30,000
1,90,000
6,000​

Answer 1

Answer:

correct question :

From the following figures, ascertain the gross profit of Ranbir:

Opening stock 25,000 Closing stock 30,000, Goods purchased during the year

1,40,000 Sales 1,90,000

Freight and packing on above 10,000 Packing expenses on sales 6,000

Explanation:

Gross profit =

Sales + Closing stock - (Opening stock + Freight and packing +Goods purchased during the year)

= 1,90,000 + 30,000 - (25,000 + 10,000 + 1,40,000)

= 2,20,000 - 1,75,000

= 45,000

Gross profit = Rs. 45,000