When a share valued at 50k is issued at #1.59, it is said to be issued at

The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of

Department         K               Y
Opening stock    #2,500      #800
Purchases       #120,000    #100,000
Sales               #180,000     #200,000
Salaries           #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