Cost of Goods Sold Rs. 6,69,000, Sales Rs. 7,44,000, Closing Stock Rs. 50,400. Gross Profit for the year is _____________.

Rs-1,28,000

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Rs-75,000

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Rs-84,900

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Rs-1,00,500

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Solution

The correct option is D Rs-75,000
Gross profit = Sales - Cost of goods sold
- 7,44,000 - 6,69,000
= Rs-75,000
Cost of goods sold = Opening Stock+purchases- Closing Stock.

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Cost of Goods Sold Rs. 6,69,000, Sales Rs. 7,44,000, Closing Stock Rs. 50,400. Gross Profit for the year is _____________.

The correct option is D Rs-75,000Gross profit = Sales - Cost of goods sold - 7,44,000 - 6,69,000 = Rs-75,000Cost of goods sold = Opening Stock+purchases- Closing Stock.

The correct option is D Rs-75,000
Gross profit = Sales - Cost of goods sold
- 7,44,000 - 6,69,000
= Rs-75,000
Cost of goods sold = Opening Stock+purchases- Closing Stock.