Question

calculate gross Profit​

Answer 1

Answer:

gross profit 39000

Explanation:

sales. 95000

less sales return 10000

Net sales. 85000

less cost of good sold

calculation of cost of good sold

opening stock. 9000

purchases. 34000

less purchase return. 2000

Add net purchase. 32000

Add carriage inward. 2000

Add wages expense. 4000

Add fuel and power expense. 3000

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Merchandise available for sell. 50000

less closing stock 4000

cost of good sold. 46000

gross profit 39000