sales 200000 purchase 130000 wages 18000 closing stock 22000 opening stock 20000 calculated gross profit amount
Answers
Answered by
3
Explanation:
Cost of Goods Sold = Opening Stock + Purchases + Wages - Closing Stock
=> 20,000 + 1,30,000 + 18,000 + 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
∴ Gross Profit = 54,000
Answered by
12
Explanation:
★ 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 = Net Sales - Cost of Goods Sold
= 2,00,000 - 1,46,000
= 54,000
Rs. 54,000 is the gross profit.
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