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A new firm commenced business on 1st January, 2006 and
purchased goods costing
Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on
freight inwards. At the
end of the year the cost of goods still unsold was Rs.
12,000. Sales during the year Rs.
1,20,000. What is the gross profit earned by the firm?
(a) Rs. 36,000
(b) Rs. 30,000
(c) Rs. 42,000
(d) Rs. 38,000
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Answer Posted / preeti mittal
a
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