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Find what gross profit for the company at end of period

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Reference no: EM132764525

Problem 1: A newly established merchandising company acquires equipment and inventories at 10.000 TL and 15.000 TL, respectively. After a while, it sells the equipment for 11.000 TL and sells half of the inventories at 9.000 TL. Assuming that all payments are made in cash and there are no other transactions, what is the gross profit for the company at the end of the period?

a) 2.500 TL

b) 1.000 TL

c) 1.500 TL

d) 2.000 TL

e) Other:

Reference no: EM132764525

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