Question

A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be​

Answer 1

Answer:

15,00,000+10,00,000=25,00,000+3,00,000=28,00,000-

10,00,000=27,00,000 is the answer

Answer 2

Given,

A company's net sales are = ₹ 15,00,000

The cost of sales is = ₹ 10,00,000

Indirect expenses are = ₹ 3,00,000

To Find,

The amount of gross profit will be =?

Solution,

We can solve the question using the following steps:

To find the gross profit,

Gross Profit = Net Sales - (Cost of Sales + Indirect Expenses)

Substituting the given values,

Gross Profit $=$ $1500000 - (1000000 + 300000)$

                    $= 1500000 - 1300000$

                    $= 200000$

Hence, the amount of gross profit will be ₹ 2,00,000.