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

If sales = $455,000, purchases = $225,000, beginning inventory = $150,000 and ending inventory = $118,000, gross profit is:$198,000$230,000$75,000$257,000

A company has total sales of Rs. 2,000,000, cost of goods sold of Rs. 1,200,000, operating expenses of Rs. 500,000 and interest expenses of Rs. 100,000. What is the company’s operating profit margin?20%15%10%25%

Given the information below, what is the gross profit? Sales revenue $ 345,000Accounts receivable 53,000Ending inventory 113,000Cost of goods sold 239,000Sales returns 23,000Multiple Choice$86,000$83,000$209,000$106,000

A company has sales of Rs. 3,000,000, a gross profit margin of 30%, and operating expenses of Rs. 400,000. What is the company’s net income if the tax rate is 25% and there are no interest expenses?Rs. 525000Rs. 450000Rs. 500000Rs. 540000

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