SINGLE ANSWER MCQ
Q4. A new firm commenced
business on 1st January, 2017 and
purchased goods
costing Rs. 200,000 during the
year. A sum of Rs. 10,000 was
spent on freight
inwards. At the end of the year,
the cost of goods still unsold was
Bs. 12,000.
Sales during the year Rs.
250,000. What is the gross profit
earned by the firm?
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