Question

Financial data of an entity is given below:
Gross Profit Rs.$6,700$, Carriage outwards Rs.$250$, Rent received Rs.$575$ and Other expenses Rs.$3,600$. The net profit would be.

• A. Rs.$3,025$
• B. Rs.$2,850$
• C. Rs.$3,425$
• D. Rs.$3,275$

Answer 1

The correct option is C Rs.$3,425$

Net profit = Gross Profit - carriage outwards - Other expenses+ rent received
= 6700- 250-3600+575
= 3425 Rs