PRC-1 · Chapter 10 · Question 66 of 100
A business records its Cost of Sales as Rs. 210,000 and its Net Sales as Rs. 514,000. What is the Gross Profit?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 304,000
Explanation
Gross Profit = Net Sales - Cost of Sales. 514,000 - 210,000 = Rs. 304,000.
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