The following information was extracted from the books of XYZ Ventures as at 31st June 2023.

Opening stock             200,000

Closing stock              100,000

Salaries and wages    120,000

Purchases                 900,000

Shop rent                  150,000

30% profit was made on cost of goods sold.

You are required to calculate:

(a) cost of goods sold

(b)gross profit

 (e)total sales

 (d) net profit

 (e) rate of turnover.