Question

Calculate Gross Profit from the following details :

Rs.

Purchases (200 units) 10,000

Carriage on purchase 1,200

Sales (150 units) 10,800

Rent and Advertising 600​

Answer 1

Answer:

Gross Profit = Purchase + direct expenses- Sales

= 2000000+1200-1620000

=2001200- 1620000

= 381200 is Gross Loss

Because Sales is less than purchase