Calculate Gross profit : Opening stock Rs. 10,000, Purchases Rs. 50,000, Sales Rs. 1,00,000 and Closing stock Rs.5,000.
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Answer:
Gross Profit = Rs.45000/-
Explanation:
GROSS PROFIT = Sales + closing stock - (opening stock + Purchases)
= 100000 + 5000 - (10000 + 50000)
=105000 - 60000 = 45000
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