Question

Q2. Mr narayan started the business of Readymade garments in the year 2019, and earned a net profit of Rs 500000. He invested in shares of reliance industries and received dividend of Rs 6000. He sold furniture at a loss of Rs 12000 and goods of 50000 were ' destroyed by fire'. He paid salaries to his staff during the year amounting to Rs 120000. He however paid interest on bank loan Rs 10000 and also received rent Rs 24000. Donation paid to charatable institution Rs 5100. Calculate his operating profit.​

Answer 1

50,000-6000 equals to 494,000-12,000 equals to 482,000-50,000 equals to 432,000-122,000 equals to 312,000-10,000 equals to 302,000+24,000 equals to 326,000-5100 equals to 320900