Cost of Goods Sold Rs.6,69,600;Sales Rs.7,44,000;Closing Stock Rs.50,400.
Gross Profit for the year is
Answers
Answered by
3
Explanation:
Correct option is B
Rs-75,000
Gross profit = Sales - Cost of goods sold
- 7,44,000 - 6,69,000
= Rs-75,000
Cost of goods sold = Opening Stock+purchases-Closing Stock.
Answered by
7
Answer:
Gross Profit = Rs. 74,400
Explanation:
Given :
Cost of Goods Sold = Rs.6,69,600
Sales = Rs.7,44,000
Closing Stock = Rs.50,400
To find :
Gross Profit for the year
Solution :
Gross Profit = Net Sales - Cost of Goods Sold
⇒ 7,44,000 - 6,69,600
⇒ 74,400
Gross Profit = Rs. 74,400
Therefore,
Gross Profit for the year is Rs. 74,400
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