| opening stock | D6,000 |
| purchases | D23,000 |
| salaries and wages | D12,000 |
| closing stock | D8,000 |
| sales | D30,000 |
Use the information above to answer the following question.
calculate the gross profit by BYX Enterprise
gross profit = sales - cost of goods sold
(cost of goods sold is gotten as = opening stock + purchases - closing stock)
(COGS= 6000 + 23000 - 8000 = 21000) ''since we now know the value of cost of sales, we can now calculate the gross profit''
gross profit= 30,000 - 21,000 = 9,000
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