Register now or log in to join your professional community.
GROSS PROFIT= CLOSNG STOK+NET SALE -OP STOCK+NET PRCHS
=25000
A) Net Sale 75,000
Opening stock 20,000
Net Purchases 35,000
____________
cost of Goods 55,000
Closing Stock (5000)
B) 50,000
(A-B) Gross Profit is rupees 25,000........................
The Gross Profit is25000 it ws a very Easy Question
this is the right answer Gross Profit 25,000
Gross Profit is rupees 25,000
opening stock +net purchases = cost of sales
cost of sales -closing stock = cost of goods sold
so cost of goods sold is50000
so, gross profit is25000
Net Sales 75,000
Cost of sales:
Opening stock 20,000
Net Purchases 35,000
Cost of goods av. 55,000
Less closing stock 5,000 50,000
Gross Profit 25,000
Answer:-
GP will be25000/-
Correct Answer is25000...................
The gross profit will be25,000 i.e.-()
G. Profit will be Rs.25,000
