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From the given information, choose the most appropriate answer:


Gross profit will be

  • a)
    Rs. 50,000

  • b)
    Rs. 47,600

  • c)
    Rs. 42,600

  • d)
    Rs. 50,600

Correct answer is option 'D'. Can you explain this answer?
Verified Answer
From the given information, choose the most appropriate answer:Gross p...
Cost of goods sold = Opening stock + Purchases + direct expenses - Closing stock


= 20000 + 85800 + 2300 - 18000


= 90100


Gross profit = Revenue from sales - COGS


= 140700 - 90100 = ₹50600
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Most Upvoted Answer
From the given information, choose the most appropriate answer:Gross p...
Gross profit=sale- COGS cogs=purchase+o.s+direct expanse-cs cogs= 85800 +20000+2300-18000. =90100 gross profit= 140700-90100 =50600
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Community Answer
From the given information, choose the most appropriate answer:Gross p...
 
The correct option is D.
Cost of goods sold=Opening stock+Purchases+direct expenses-Closing stock
=20000+85800+2300-18000
=90100
Gross profit=Revenue from sales- COGS
=140700-90100=₹50600
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From the given information, choose the most appropriate answer:Gross profit will bea)Rs. 50,000b)Rs. 47,600c)Rs. 42,600d)Rs. 50,600Correct answer is option 'D'. Can you explain this answer?
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