Question

Purchases Rs.36,000, sales Rs.40,700, Purchase returns Rs. 540, sales Return Rs,1125, Closing Stock Rs. 3750, Find gross profit?
Rs.7865
Rs.6,822
Rs.5662
Rs.8662​

Answer 1

Answer:

Hey mate the answer is 7865

Explanation:

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Answer 2

Answer:

Rs. 7865

Gross Profit is Rs. 7865

Explanation:

Given :

Purchases = Rs.36,000

Sales = Rs.40,700

Purchase returns = Rs. 540

Sales Return = Rs. 1125

Closing Stock = Rs. 3750

To find :

Find Gross Profit

Solution :

★ Gross Profit = Net Sales - Cost of Goods Sold

• Cost of Goods Sold =

Purchases = Rs.36,000

Purchase returns = Rs. 540

36,000 - 540

⇒ 35,460

★ Cost of Goods Sold = (Purchases - Purchase returns) - Closing Stock

⇒ (36,000 - 540) - 3750

⇒ 31,710

Cost of Goods Sold = 31,710

____________________________

Sales = Rs.40,700

Sales Return = Rs. 1125

Sales - Sales Return

⇒ 40,700 - 1125

⇒ 39,575

____________________________

Gross Profit = Net Sales - Cost of Goods

Sold

Gross Profit = 39,575 - 31,710

⇒ 7,865

Therefore,

Rs. 7865

Gross Profit is Rs. 7865