\(\begin{array}{c|c} & N \\ \hline
\text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\ \hline \text{Carriage inwards} & 500 \\ \hline \text{Sales} & 9000 \\ \hline \text{Carriage outwards} & 500
\end{array}\)

Determine the net profit

Praokp25

2 months ago

for those who don't know how it was solved we first need to find the gross profit:
Sales-opening stock+closing stock+carriage inward= gross profit
then net profit:
gross profit-expenses

9000-2600-4000-500= 1900
then
1900-carriage outward(expenses)=
1400