Department K Y Opening stock #2,500 #800 Purchases #120,000 #100,000 Sales #180,000 #200,000 Salaries #8,000 #30,000 Closing stock #3,000 #1,500 Rate expenses of #1,500 are apportioned in the ratio 1:2. What is the net profit of Y?
A. #52,000 B. #68,300 C. #68,800 D. #69,300
Correct Answer: C
Explanation
opening stock      800     purchase         100,000                   100,800 less; closing stock  1500             99,300 Salaries                   30,000 Rates(1:2 of 1500= 1/3x1500)   500    30500                                   68,800                                                                    Â
