Question

opening stock 40,000
purchase 1,80,000
sales 3,20,000
sales returns 5,500
.
.
.
.
personal expenses 15,000
investment 16,100
cash 16,000
rent and insurance 2800

Answer 1

Net Sales(Sales- sales return) - (opening stock + purchases + rent and insurance + investment)= Net Profit

3,14,500-(40,000+1,80,000+16,100+2,800)

=75,600