Question
Ramnaresh & traders initiated their business on 1st
April 2007 with ₹ 12,000 by 6000 units at the rate of ₹ 2 per unit. During the year he sold these units at the rate of ₹ 3 per unit and withdrew ₹ 6000. Calculate the retained profit.Solution
Started business with 6000 units worth 2 rs each = 12,000 Sold this stock @ 3rs each= 18,000 Profit= 6000 Withdrew amount= 6000 Retained profit will be 0.
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