Question

mr. smith submits you the following data for the year end 2018:
stock as on 1.4.2017----------rs150500
purchases-----------------rs437000
manufacturing expenses------rs85000
expenses on sale------------rs33000
expenses on administration--------rs18000
financial charges------rs6000
sales-----------rs625000
during the year end damaged goods costing rs 12000 were sold for 5000.barring above tranactions gross profit has been @20% on sale.compute the net profit of mr.smith for the year ended on 31.3.2018
?????

Answer 1

Answer:

net profit is 80000

I hope it is correct and usefull