Question

calculate the gross profit/gross loss
purchase a/c ₹ 15,500
sales a/c ₹ 30,000
carriage inward ₹ 1,200
opening stock ₹ 5,000
purchase return ₹ 500
closing stock ₹ 18,000​

Answer 1

Answer:

net profit =26800 is your answer

Answer 2

Given:

• Purchase rate $15,500rs$
• Sales $30,000 rs$
• Carriage inward $1200rs$
• Opening stock $5000rs$
• Purchase return $500rs$
• Closing stock $18000rs$

To find:

• Gross profit / Gross loss.

Step by step explanation:

• First we need to create two columns.
• Let that be column $A$ and column $B$.
• In a column $A$ we need to enter the details about the purchase of the Air conditioner.
• In a column $B$ we need to enter the details about the selling of the air conditioner.
• First let us see column $A$.
• Enter the opening stock $5,000rs$ in column $A$.
• Then the purchase amount $15,500rs$.
• Then enter carriage inward in column $A$ as $1,200rs$.
• And purchase return $500rs$ in column $A$.
• We need to calculate the total amount in column $A$ that is,

        $15,500+1,200+5,000-500=21,200rs$

• Let us see column $B$.
• Enter sales amount $30,000rs$ in column $B$.
• Enter closing stock $18,000rs$ in column $B.$
• Now we need to calculate the total amount in column $B$,

        $30,000+18,000=48,000rs$

• We can see that amount in sales column that is column $B$ is more as compared to purchase column that is column $A$.
• So it is a Gross profit.

        $Gross profit =48,000-21,200$

• By solving the above equation we get Gross profit value,

        $Grossprofit=26,800rs$

Final answer:

• The Gross profit is $26,800rs$.