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The following are extracts from an income statement for the year ended 31 May 2020:
RM
Sales 9, 500
Carriage inwards 300
Office staff salary 4, 500
Closing inventory 900
Office rent 7, 700
Purchases 6, 400
Problem 1: The gross profit is:
A. RM3, 100
B. RM3, 700
C. RM4, 000
D. RM4, 500
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