Question

the annual sales of business were as under cash sale 70000 credit sales 80000the cost of good sold including all direct expenses workers out at 104000 expenses incurred on sales amounted to 13400find out his net profit
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Answer 1

Explanation:

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Answer 2

Explanation:

net sales = 70,000 + 80,000 = 1,50,000

gross profit = net sale - cost of goods sold = 1,50,000 -1,04,000 = 46,000

Net profit = g.p - expenses = 46,000 - 13,400 = 32,600