Question

Sales Rs. 2,00,000; purchases Rs. 1,30,000; wages Rs. 18,000;
closing stock Rs. 22,000; opening stock Rs. 20,000. What was the
rate of gross profit?
OPTIONS
а.
0.36
b.
0.25
0.3
d.
d.
0.27​

Answer 1

Answer:

Gross profit = opening stock + sales - closing

stock + purchase + wages

= 20000 + 200000 - 22000 +

130000 +18000

= 220000 - 170000

= 50000

Step-by-step explanation:

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