Question

from the following data, calculate the profits made by a trader in 2014

stock of goods on 1-1-2014 15675
purchases during the year 37000 ​

Answer 1

so the question posted by you is not full.

but opening stock +purchases

15675+37000=52675

to find profit

closing stock should be there..

to find gross profit

• opening stock+purchases+wages-sales-closing stock=grossprofit

to find net profit

other expenses-other income-gross profit=netprofit.

so upload the question again.