total sales rs.120000 sales return rs.6000 cost of sales rs.80000 indirect expenses rs.5500. calculate net profit

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Solution

Dear Student,

$G r o s s P r o f i t = S a l e s - C o s t o f g o o d s s o l d = (1, 20, 000 - 6, 000) - 80, 000 = R s . 34, 000 N e t P r o f i t = 34, 000 - 5, 500 = R s . 28, 500$

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total sales rs.120000 sales return rs.6000 cost of sales rs.80000 indirect expenses rs.5500. calculate net profit

Dear Student, Gross Profit = Sales-Cost of goods sold =1,20,000-6,000-80,000= Rs. 34,000Net Profit =34,000-5,500=Rs. 28,500 Regards

Dear Student,

$G r o s s P r o f i t = S a l e s - C o s t o f g o o d s s o l d = (1, 20, 000 - 6, 000) - 80, 000 = R s . 34, 000 N e t P r o f i t = 34, 000 - 5, 500 = R s . 28, 500$

Regards