• If sales 200000; % of G.P. is 20%.
find out net profit if salary given to
employee is 10000
Answer
A.
30000
B. 50000
C. 40000
D. None of above
Answers
Explanation:
Gross profit 1,20,000
Add:- Non operating incomes
Interest received 6,000
Discount received 8,000
1,34,000
Less:- Operating expenses
Salaries 30,000
Rent 10,000
Commission paid 14,000
Interest on loan 10,000
Printing and stationary 2,000
Depreciation 4,000
Loss on sale of fixed asset 6,000
Advertising 8,000
Legal charges 10,000