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    Question

    Find the gross profit based on the following

    information. Opening stock ₹10,000 Credit purchase ₹50,000 Cash purchase ₹60,000 Return inward ₹10,000 Cash sales ₹75,000 Credit sales ₹90,000 Return outward ₹8,000 Closing stock ₹20,000 Carriage outward ₹5,000
    A ₹63,000 Correct Answer Incorrect Answer
    B ₹58,000 Correct Answer Incorrect Answer
    C ₹59,000 Correct Answer Incorrect Answer
    D ₹61,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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