If sales are $R s . 40, 000$ ; Cost of goods sold is $R s . 31, 000$ and operating expenses are $R s, 6, 000$ , the gross profit is ______________.

R s . 3, 000

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R s . 9, 000

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R s . 3, 400

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R s . 6, 000

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Solution

The correct option is B $R s . 9, 000$
$S a l e s -$ Cost of goods sold $= G r o s s p r o f i t$
$40, 000 - 31, 000 = 9, 000$
Operating expenses are debited to profit and loss account.

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If sales are Rs.40,000; Cost of goods sold is Rs.31,000 and operating expenses are Rs,6,000, the gross profit is ______________.

The correct option is B Rs.9,000Sales− Cost of goods sold =Gross profit40,000−31,000=9,000Operating expenses are debited to profit and loss account.

If sales are $R s . 40, 000$ ; Cost of goods sold is $R s . 31, 000$ and operating expenses are $R s, 6, 000$ , the gross profit is ______________.

The correct option is B $R s . 9, 000$
$S a l e s -$ Cost of goods sold $= G r o s s p r o f i t$
$40, 000 - 31, 000 = 9, 000$
Operating expenses are debited to profit and loss account.