A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:
A. ₹ 13,00,000
B. ₹ 5,00,000
C. ₹ 2,00,000
D. ₹ 12,00,000
Answer:C
A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:
A. ₹ 13,00,000 B. ₹ 5,00,000 C. ₹ 2,00,000 D. ₹ 12,00,000