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What is the gross profit for the year

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Question - Gross Profit Calculation - At the beginning of the financial year, a business has Rs.1,500/- of inventory left over from the preceding accounting period. During the year they purchase additional goods costing Rs.21,000/- and makes sales totaling to Rs.25,000/-. At the end of the year, there are Rs.3,000/- of goods left that had not been sold. What is the gross profit for the year?

Reference no: EM133012547

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