sales 200000 purchase 130000 wages 18000 closing stock 22000 opening stock 20000 calculated gross profit amount
Answers
Answered by
48
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
Answered by
67
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
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