gross profit 200000, wages 10000,carriage inwards 20000,discount received8000,rent 2000,interest paid 4000.find net profit and operating profit
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Chapter 13 from Textbook Accountancy Dk Goel (2018) for Class 11
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Net profit = 1,72,000
Operating Profit = 1,68,000
Explanation:
Gross profit = 2,00,000
Wages = 10,000,
Carriage inwards = 20,000
Discount received = 8,000
Rent 2000
Interest paid = 4000.
Net profit = ?
Operating profit = ?
Calculation of Operating Profit :
Operating profit = Gross profit - Operating expenses
= 2,00,000 - 10,000 - 20,000 - 2,000
Operating Profit = 1,68,000
Calculation of Net profit :
Gross profit + all income - Operating expenses - Non Operating expenses
= 2,00,000 + 8,000 - 10,000 - 20,000 - 2,000 - 4,000
Net profit = 1,72,000
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