Question

Opening stock = 15000
Cash sales= 25000
Credit sales = 475000
Sales return = 20000
Power&fuel = 3000
Carriage = 2000
Royalty on sales = 8000 Net purchase = 400000
Closing stock = 15000
How find gross profit

Answer 1

Explanation:

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Answer 2

Answer:

       Gross Profit = Sales – (Purchases + Direct Expenses)

c.o.g.s. = opening stalk + cash sales + credit  sales + sales reture+ power & fuel + carriage + royality on sales + net purchase - closing stalk

c.o.g.s  = 15000+ 25000+ 475000+20000+3000+2000+8000+400000- 15000

            =    413000

g.p = sales -  c.o.g.s

g.p  =  (2500+ 475000) - 413000

g.p =   500000 - 413000

g.p =  8700

so, final answer = gross profit is 8,700