Departments K Y
Opening 2,500 800
Purchases 120,000 100,000
Sales 180,000 200,000
Salary 8,000 30,000
Closing stock 3,000 1,500
Rate expenses of 1,500 are apportioned in the ratio 1:2

The gross profit for K is

a

# 60,700

b

#23,500

c

#60,500

d

#82,500

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Explanation

Correct Option
c

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