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Calculate GROSS PROFIT when – Opening stock Rs. 24,000, Closing stock Rs. 15,000, Sales Rs 6,00,000, Cost of goods sold Rs. 4,55,000?

a) Rs.1,30,000

b) Rs.1,45,000

c) Rs.1,54,000

d) Rs.1,06,000

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Question ajoutée par Shamseer KM , Accounts and Admin Payroll , KBM Group
Date de publication: 2015/09/03
Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

B)145,000..................................

Sohaib Lodhi
par Sohaib Lodhi , Financial & Operational Analyst , Rely Industries FZCO

Sale:Rs600,000- Cost of goods sold: Rs455,000(Opening & Closing already included in the computation of cost of sale), so Answer would be:

b) Rs.1,45,000

Utilisateur supprimé
par Utilisateur supprimé

Answer B is the correct option . Gross profit =6000,000 -4550,000 =1,450,000

Safeer Koyithan Kandy
par Safeer Koyithan Kandy , General Accountant , Hala Trading

Answer is B

Profit = Sales - Cost of goods sold

=145000

Utilisateur supprimé
par Utilisateur supprimé

The answer is option (b). As, gross profit = sales - cost of goods sold. So, by putting given values we get, gross profit = Rs.6,00,000 - Rs.4,55,000 = Rs.1,45,000.

Sibu Banik
par Sibu Banik , policy Advisor , kotak Mahindra life insurance company limited

Answer is 'B', ITS145000/-

according to my knowladge ur Question answer is B

Utilisateur supprimé
par Utilisateur supprimé

B.145000........................................

shadman daud daud
par shadman daud daud , Accounting&Finance Officer , Debor

145000 is optimal match to your question 

 

Gayasuddin Mohammed
par Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

GROSS PROFIT = Sales i.e.Rs6,00,000 - Cost of goods sold i.e. Rs.4,55,000? = Rs.1,45,000/- , option (B) is the right answer. Thanks.

145000 rs. I hope your well known to the fact so no explanation needed

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