Problem based on bags r us ltd, Business Management

Bags R Us Ltd

P&L Account for Bags R Us, year ended 31^stMarch 2008.

	$	$
Sales ($35 * 3,000)		105,000
Opening stock	15,000
Purchases	50,000
less Closing Stock	20,000
Cost of Goods Sold		45,000
Gross Profit		60,000

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