Question

Mr. A started business with a capital of Rs.10 lakhs as a cloth merchant. During the year he purchased goods worth
Rs.7,10,000 and sales during the year was Rs.8,42,000. He pays shop rent of Rs.20,000 for the year 2011-12, and
other expenses Rs.75,000. Closing stock at the end of the year is Rs.45,000. What is gross profit?
a) 1,02,000
b) 82,000
c) 1,77,000
d) 1,57,000

Answer 1

c) usiness through e-commerce: fully online or online along with a brick and mortar store. Online marketers can offer lower prices, greater product selection, and high efficiency rates. Many customers prefer online markets if the products can be delivered quickly at relatively low price. However, online retailers cannot offer the physical experience that traditional retailers can. It can be difficult to judge the quality of a product without the physical experience, which may cause customers to experience product or seller uncertainty. Another issue regarding the online market is concerns about the security of online transactions. Many customers remain loyal to well-known retailers because of this issue.

Answer 2

Hope it helps u dear.