Vidyalelo
Commerce · Q1226

Accounting

Graduate and Post Graduate · Commerce · question 1226

Q1226

Net purchases Rs. 72,000, Sales Rs. 76,000, Sales returns Rs. 6,000 Cost of goods sold Rs. 60,000, the amount of gross profit will be

A.
Rs. 10,000
Answer
B.
Rs. 12,000
C.
Rs. 16,000
D.
Rs. 40,000

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board