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Ekta Yadav

· started a discussion

· 1 Months ago

please post the solution as well (Question: 332324.0 )

please post the soln

Question:

A firm commenced business on 1st January 2015, purchased goods costing Rs.90,000. A sum of Rs.6,000 was spent on freight inwards. At the end of the year, the cost of goods still unsold was Rs.12,000. Sales during the year Rs.1,20,000. What is the Gross Profit earned by the firm?

Options:
A)

Rs.36,000

B)

Rs.30,000 

C)

Rs.42,000

D)

Rs.38,000

Solution:

Ans: (a)

Cost price of goods = 90,000

and spent on freight inwards = 6000

total cost price is 96000

Cost of goods still unsold was Rs. 12,000

Remaining cost = 96000 - 12000

= 84000

Required answer = 1,20,000 - 84,000

= 36000

Knowledge Expert

· commented

· 1 Months ago

Dear student
We resolved it

Best wishes
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