Question

calculate gross profit
Total Purchase 680,000
Purchase Return 30,000
Direct Expenses 70,000
Carriage Outwork 15,000
3/4 of the goods are sold Rs. 600,000​

Answer 1

Answer:

as per condition

680,000+30,00=710,000

710,000- 70,000=640,000

640,000-15,000= 625,000

625,000- 600,000 = 25,000

thus the gross profit would be 25,000

Answer 2

Given,

For some products,

Total Purchase= 680,000

Purchase Return = 30,000

Direct Expenses = 70,000

Carriage Outwork = 15,000

$\frac{3}{4}$ th of the goods are sold at 600000.

To Find,

The gross profit of $\frac{3}{4}$ the goods.

Solution,

We know that the cost of goods sold is equal to (Total Purchases - Return Outwards + Direct Expenses).

So here the cost of the goods sold is =  680000-30000+70000=720000.

Given, $\frac{3}{4}$ th of the goods are sold at 600000.

the cost of the $\frac{3}{4}$  goods sold is 720000×$\frac{3}{4}$=540000.

∴Gross profit = Sell price - cost.

Hence, here gross profit is 600000-540000.=60000.

Hence, the gross profit is 60000.