Complete the table:SalesPurchasesGross Profit_____1,80,00020,000
Q.1 (A) (5) Complete the table:
| Sales | Purchases | Gross Profit |
|---|---|---|
| _____ | 1,80,000 | 20,000 |
Q.1 (A) (5) Complete the table:
| Sales | Purchases | Gross Profit |
|---|---|---|
| _____ | 1,80,000 | 20,000 |
Best answer
Answer: ₹ 2,00,000
With no opening or closing stock given, cost of goods sold = Purchases = ₹ 1,80,000. Sales = Cost of goods sold + Gross Profit = ₹ 1,80,000 + ₹ 20,000 = ₹ 2,00,000.
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