Brewery Ltd made net sales of $39 700 and its gross profit was $29 100 for the same period. If the opening stock was $15 860 and net purchases $18 615, what was the value of closing stock

A business made sales of $30,000 during a month. Purchases amounted $18,000 and closing inventory was $4,000. Expenses paid were $5,000. Owner withdrew cash amounting $6,000.What is net profit for the month?Answer:

During the month ended 31 October 2019, your business made a gross profit of Sh 60,000 which represented a mark-up of 50 per cent. Opening stock was Sh 12,000 and closing stock was Sh 18,000. Determine the value of: (Write your answers with commas e.g. 10,000 not 10000) Cost of goods sold = Sh Cost of goods available for sales = Sh Value of goods purchased = Sh Total sales = Sh

If a firm has a closing inventory of Rs. 25,000, direct expenses incurred during the year are Rs. 48,000, and the sales are Rs. 1,35,000. What is the amount of gross profit earned during the year? Rs. 62,000 Rs. 1,12,000 Rs. 1,58,000 Rs. 76,000

A, B, and C started a business by investing $3000, $4000, and $5000 respectively. After 6 months, A withdrew $1000, B withdrew $2000, and C withdrew $2500. At the end of the year, the total profit was $7400. Find the share of B in the profit.

Select the correct answerRavi and Nikhil started a business investing 48,000 and 64,000 respectively, but Nikhil left the business after 2 months. Find the difference between the share of profits of Ravi and Nikhil, if the total profit at the end of the year was 12,100?Options7,7006,3004,2008,400