Sales - #232,000
Opening stock - # 28,000
P...
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.
#100,000
#86,000
#82,000
#76,000
Correct answer is A
sales 232,000
Add: disc. received 18,000
opening stock 28,000
+ purchase 128,000
cost of gds. avail. for sale 156,000
Less:closing stock 10,000
Cost of gds sold 146,000
Add Carriage inwards 4000 150000
Gross profit 100,000
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\(\begin{array}{c|c} Capital & Le \\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings &...