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From the given information, choose the most appropriate answer:
Net profit will be
- a)Rs. 6,000
- b)Rs. 5,000
- c)Rs. 2,000
- d)Rs. 7,000
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
From the given information, choose the most appropriate answer:Net pro...
Given:
- Sales: Rs. 15,000
- Cost of Goods Sold: Rs. 9,000
- Trading Expenses: Rs. 4,000
Calculations
- Calculate Gross Profit: Gross Profit = Sales − Cost of Goods Sold
Gross Profit = 15,000 − 9,000 = Rs.6,000 - Calculate Net Profit: Net Profit = Gross Profit − Trading Expenses
Net Profit = 6,000 − 4,000 = Rs.2,000
Based on the calculations, the net profit for the year would be Rs. 2,000. Therefore, the correct answer is C: Rs. 2,000.
Most Upvoted Answer
From the given information, choose the most appropriate answer:Net pro...
•cogs= op.stock +purchase - closing this gives us the closing stock which is 7000 • now gross profit comes to the amt 6000,by making trading ac. or gross profit = sale - cogs ,=6000 • now P/L acc wll have a cr side balance of 6000 nd dr side balance of 4000 hence net profit wll come to *2000*
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From the given information, choose the most appropriate answer:Net profit will bea)Rs. 6,000b)Rs. 5,000c)Rs. 2,000d)Rs. 7,000Correct answer is option 'C'. Can you explain this answer?
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