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Estimate what the gross profit is

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Reference no: EM132691114

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

Reference no: EM132691114

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