If Sales 400000,Op. stock Rs.
100000, Purchases Rs. 200000,wages Rs.
50000 Salary Rs. 50000 what is the Gross
Profit?
Answer
A.
Rs. 100000
B. Rs. 50000
C.
Rs. 200000
D.
Rs. 250000
Answers
Answer:
Explanation:
The calculations will be as under:-
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To Opening Stock 1,00,000.00 By sales 4,00,000.00
To Purchases 2,00,000.00
To wages 50,000.00
To Gross Profit 50,000.00
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Total 4,00,000.00 4,00,000.00
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Salaries paid are not a part of Gross Profit
Answer is B