Question

sales 200000 purchase 130000 wages 18000 closing stock 22000 opening stock 20000 calculated gross profit amount​

Answer 1

Explanation:

COGS = Opening Stock + Purchases + Direct Expenses - closing Stock

COGS = 20,000 + 1,30,000 + 18,000 - 22,000

COGS = 1,46,000

GP = sales - Cogs

GP = 2,00,000 - 1,46,000

GP = 54,000

∴ GP = 54,000

Answer 2

Answer:

Gross Profit is Rs. 54,000

Explanation:

Given :  

• Sales = Rs. 2,00,000
• Purchases = Rs. 1,30,000
• Wages = Rs. 18,000
• Closing Stock = Rs. 22,000
• Opening Stock = Rs. 20,000

To find :  

• Gross profit

Solution :

Gross Profit = Net Sales - Cost Of Goods Sold  

Net Sales = Rs 2,00,000  

Cost of Goods Sold = ??

___________________________

Cost of Goods Sold = Opening Stock + Purchases + Wages - Closing Stock  

⇒ 20,000 + 1,30,000 + 18,000 + 22,000  

⇒ 1,68,000 - 22,000  

⇒ 1,46,000

Cost of Goods Sold = Rs. 1,46,000

___________________________

Gross Profit :

Gross Profit = Net Sales - Cost of Goods Sold

⇒ 2,00,000 - 1,46,000  

⇒ 54,000

Gross Profit = 54,000    

Therefore, Gross Profit = Rs 54,000