The net profit is calculated as
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Correct Answer: Option B
Explanation:
Net profit is calculated by deducting the business expenses from gross profit. Gross profit is first obtained from trading activities, and expenses such as rent, salaries, and other operating costs are then deducted to arrive at net profit.
Net profit is calculated by deducting the business expenses from gross profit. Gross profit is first obtained from trading activities, and expenses such as rent, salaries, and other operating costs are then deducted to arrive at net profit.