Q1907
What will be amount of gross profit/gross loss. If cost of goods sold Rs. 79,000, Sales Rs. 1,10,000, Purchases Rs. 30,000?
A.
Rs. 80,000 (Profit)
B.
Rs. 31,000 (Profit)
AnswerC.
Rs. 49,000 (Profit)
D.
Rs. 1,000 (Loss)
Answer: Option B
Solution
Answer: Option B
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