closing stock worth is 50000 and grossprofit is 20% how much profit would be ac

closing stock worth is 50000 and grossprofit is 20% how much
profit would be accounted towards the nextyear?

Question Posted / srinivas

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closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the ..

Answer / chandu

next year profit is 10000

Is This Answer Correct ?

12 Yes

3 No

closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the ..

Answer / prashanth

This question is not complete one,unless cost and other
details it can be answered.

Is This Answer Correct ?

5 Yes

1 No

closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the ..

Answer / rajesh deshmukh

First of all you have to provide cost of sales or turnover
to calculate gross profit. only providing stock figure,
nobody can compute GP.
Cost of Sales to be calculated as follows

Opening stock
Add: purchases
Add: Direct expenses
Less: Closing stock

you have to take GP @20% on COS or turnover.

Is This Answer Correct ?

1 Yes

0 No

closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the ..

Answer / suresh

next year profit is 12500

Is This Answer Correct ?

2 Yes

7 No

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