Question

From the following information, calculate
(1)Gross profit
(2)Net income


opening stock 12000
purchases (net) 36000
closing stock 16000
Direct Expenses 4000
office Expenses 6000
selling Expenses 8000
Financial Expenses 4000
sales 70000
purchases Returns 6000

Ans.Gross profit 34,000
Net income 16,000
​

Answer 1

Answer:

gross profit is 34000

and net income is 16000

Explanation:

please thank and like my answer

follo me and mark me as brainliest