Cash Sales:35000
Credit Sales:40000
Expense incurred on sales:6700
COGS:5200
find Net Profit
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Answer:
23,100
cash sales 35,000 we have the cash. credit sales 40,000 but 40,000 we have not got yet . so we have only got 35000 where we have expenses on sales 6700 and COGS 5200 deducted from it therefore, net profit is 23100
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