Question

Sales 2,00,000: Purchases 130.000, Wages ? 18.000: Closing stock 22.000. O
Stock 20.000. One-third of wages was charged to Administrative Expenses. What was the
Gross Profit?​

Answer 1

Answer:

gross profit 160000( wages- 3000)

Answer 2

Answer:

60,000

Explanation:

1/3 wages was charged to administrative expenses amt of gross profit is $60,000