Question

pns Guit
Balan
Opening Stock Rs. 1,00,000: Closing Stock Rs. 60.000; Purchases Rs. 50,000 and Gross
Profit is 10% of sales. The gross profit is:
(a) Rs. 10,000
(b) Rs. 12,000
(c) Rs. 20.000
(d) Rs. 15,000​

Answer 1

10,000 because it is 10% in 1,00,000 is the 10,000

The gross profit is the Rs 10,000