Question

Sales 2,00,000;Purchases
1,30,000;Wages
18,000;Closing Stock was
2,000 more than Opening
Stock.What was the Gross
Profit?​

Answer 1

Answer:

opening stock +purchases + wages= sale+closing stock+gross profit

now let opening stock =x

then c/stock = x+2000

x+130000+18000 = 200000 + x+20000.

gross profit = 200000+x+2000-x-130000-18000

gross profit =54000.