Calculate gross profit when total purchases during the year are Rs 8 00 000 returns outward Rs 20 00...........

Accountancy (11th) Chapter-9 Financial Statements-1

Calculate gross profit when total purchases during the year are Rs. 8,00,000; returns outward Rs. 20,000; direct expenses Rs. 60,000 and 2/3rd of the goods are sold for Rs. 6,10,000. (1 mark)

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