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From the following figure,calculate the amount …

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From the following figure,calculate the amount of gross profit earned by vinod ,a book seller,for the year ending 31st March,2018 .cash sales₹5,00,000, credit sales₹2,00,000,sales return ₹5,000, cost of goods sold during the year ₹6,00,000.

    • Posted by Priya Gupta 6 years, 11 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    M.Pragathesh 2002 6 years, 11 months ago

    Total sales = 7,00,000-5,000=6,95,000 Gross profit=Total sales - cost of goods sold=6,95,000-6,00,000=95,000

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