Find gross profit: opening stock 15,000 cash sales 25,000 credit sales 4,75,000 sales return 20,000 power and fuel 3,000 carriage 2,000 royalty on sales 8,000 net purchases 4,00,000 closing stock 15,000
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Answer:
gross profit is 67,000
Explanation:
total sale 5,00,000
(-)sales return 20,000
net sales =4,80,000
net sales 4,80,000 + closing stock 15,000 - opening stock 15,000 - power and fuel 3,000 - carriage 2,000 - royalty on sales 8,000 - net purchase 4,00,000
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