Question

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Que: Opening capital is ₹1,50,000 , Closing capital ₹2,75,000, Drawings ₹25,000,further capital introduced ₹45,000. What us Gross Profit?​

Answer 1

Answer:

CLOSING CAPITAL - 275000

(+) DRAWINGS -. 25000

=. 300000

(-) Additional Capital - 45000

=. 255000

(-) Opening Capital. 150000

Profit -. 105000

Answer 2

Answer: The net profit is ₹1,45,000

Explanation:

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

To calculate the gross profit, you would subtract the cost of goods sold (COGS) from the revenue. In this case, we don't have information about the revenue, so we can't calculate the gross profit.

However, we can calculate the net profit, which is the difference between the closing capital and the opening capital, drawings and the further capital introduced.

Net Profit = (Closing capital - Opening capital) + (Further capital introduced - Drawings)

Net Profit = (₹2,75,000 - ₹1,50,000) + (₹45,000 - ₹25,000) = ₹1,25,000 + ₹20,000 = ₹1,45,000

So the net profit is ₹1,45,000

Please note that this is a very simplified calculation and it is important to also consider all other revenue and expenses to get accurate profit figure.

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