Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carriage outwards - # 6,000 Closing stock - # 10,000 Discount received - # 18,000 Expenses - # 20,000 Calculate the gross profit

Sales - #232,000
Opening stock - # 28,000
Purchases - #128,000
Carriage inwards - # 4,000
Carriage outwards - # 6,000
Closing stock - # 10,000
Discount received - # 18,000
Expenses - # 20,000
Calculate the gross profit

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A #100,000
B #86,000
C #82,000
D #76,000

Correct Answer: Option A

Explanation:
salesÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 232,000Â Â
Add: disc. receivedÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 18,000 Â Â Â Â Â Â Â Â
opening stockÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 28,000
+ purchaseÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 128,000
cost of gds. avail. for saleÂ Â Â Â 156,000
Less:closing stockÂ Â Â Â Â Â Â Â Â Â 10,000
Cost of gds soldÂ Â Â Â Â Â Â Â Â Â Â Â 146,000Â Â Â Â
Add Carriage inwardsÂ Â Â Â Â Â Â Â 4000Â Â Â Â Â Â Â 150000Â Â
Gross profitÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 100,000Â Â Â Â
Â

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Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # ...

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