Question : Find out net profit from the following:
Sale= Rs.8,00,000; Gross Profit = 20%; Office Expenses = Rs.20,000; Selling Expenses = Rs.38,000.
Option 1: Rs.1,02,000
Option 2: Rs.1,40,000
Option 3: Rs.1,22,000
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Rs.1,02,000
Solution :
Gross Profit = 800000*20%=160000
Net Profit = Gross Profit - Office Expenses - Selling Expenses =1,60,000-20,000 - 38,000 = 1,02,000
Hence option 1 is the correct answer.
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