From the following figures, calculate the amount of gross profit earned by Vinod, a book seller , for the year ending 31st March, 2018:
Cash sales 5,00,000, credit sales 2,00,000,sales returns 5,000, cost of goods sold during the year 6,00,000
Answers
Answered by
1
Answer:
It is 95,000.
Explanation:
(5,00,000 + 2,00,000 - 5000) - 6,00,000 = 95,000.
Answered by
0
Answer:95000
Explanation:(500000+200000-5000)600000=95000
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