As a costing team member, calculate the gross profit if; Sales Rs 6000; cost of sales Rs. 5,000, opening stock Rs. 1,000; purchases Rs. 4,000; wages Rs. 2,000 and office rent Rs. 1,000? Profit Rs. 1500 Loss Rs. 1000 Profit Rs. 1000 Loss Rs. 1500 Plz answer fast i give up vote plz select correct answer

As a costing team member, calculate the gross profit if; Sales Rs 6000; cost of sales Rs. 5,000, opening stock Rs. 1,000; purchases Rs. 4,000; wages Rs. 2,000 and office rent Rs. 1,000? Profit Rs. 1500 Loss Rs. 1000 Profit Rs. 1000 Loss Rs. 1500 Plz answer fast i give up vote plz select correct answer

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

As a costing team member, calculate the gross profit if; Sales Rs 6000; cost of sales Rs. 5,000, opening stock Rs. 1,000; purchases Rs. 4,000; wages Rs. 2,000 and office rent Rs. 1,000?

Profit Rs. 1500

Loss Rs. 1000

Profit Rs. 1000

Loss Rs. 1500

Plz answer fast i give up vote plz select correct answer without explanation

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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