Accountancy, asked by mssst94, 2 months ago

From the following information calculate net profit :

Opening stock 15,00,000

Direct Expenses 3,00,000

Selling & distribution Expenses 2,00,000

Administrative Expenses 1,00,000

Financial Expenses 50,000

Sales 24,00,000

Gross Profit ratio on sales 25%

Answers

Answered by VanshAryan

1

Explanation:

GP = 600000

NP = GP - S&D Exp. - Adm. Exp. - Fin. Exp.

= 60000-200000-100000-50000 = 250000

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