calculate gross profit when cost of goods sold Rs 8 00 000 sales Rs 10 00 000 wages Rs 25 ...........

General Accounting Principles Accounting cycles

calculate gross profit

when cost of goods sold Rs. 8,00,000; sales Rs. 10,00,000 wages Rs. 25,000; closing stock Rs. 60,000

Rs. 1,75,000

Rs. 2,00,000

Rs. 1,15,000

Rs. 2,25,000

gross profit = sales - cost of goods sold

= Rs. 10,00,000- Rs. 8,00,000

= Rs. 2,00,000

NOTE= wages and closing stock are not considered as they have been already adjusted while calculating the cost of goods sold

Submit Error

Answer should be 2,35,000

Ankur sharma

answer is 2,00,000, wages & closing stock will not be considered as Cost of goods sold is directly given