Opening stock = 150000 Manufacturer exp. = 30000 Selling exp. = 20000 Administration exp. = 10000 Financial exp. = 5000 Sales = 240000 Net profit = 25% on sale Calculate gross profit ?

Isha Mittal answered  •  7 hours ago
Here, Net profit= 25% of sales = 25% of 240000= 60000.

Now, gross profit= Net profit+ indirect exp
= net profit + selling exp + admin exp+
financial exp.
= 60000 + 20000+ 10000
= 90000. Ans.

GOODS SOLD TO VIRAT COSTING 20,000 at a profit on 20%sales ,less 10%Td Pass the journal entry?

Priyanshu Gupta answered  •  9 hours ago
Cash a/c Dr. 21600
To Virat's a/c Cr. 21600

( Being goods sold to Virat at 20% profit nd less 10% discount )

view all 2 answers

What do you mean by BRS?

Bharath Kumar answered  •  22 hours ago
BRS-BANK RECONCILIATON STATEMENT BRS is a statement which shows equal value b&t cash book and pass book

view all 9 answers

Fetching relevant content for you