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Question 6 Chapter 1 – Unimax Publications of Class 11
6. Calculate Net Profit from the given data:
| Credit Sales = Rs. 40,000 |
| Cash Sales = Rs. 35,000 |
| The cost of goods sold = Rs. 2,000 |
| Expenses incurred on sales = Rs. 6,700 |
The solution of Question 6 Chapter 1 – Unimax Publications of Class 11:
| Total Sales | = Cash Sales + Credit Sales |
| = 35,000+40,000 | |
| = Rs. 75,000 | |
| Gross Profit | = Sales – Cost of goods sold |
| = Rs. 75,000-52,000 | |
| = Rs. 23,000 | |
| Net Profit | = Gross Profit- Indirect Expenses |
| = Rs. 23,000-6,700 | |
| = Rs. 16,300 |
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