Practicing Success
A company’s net sales are ₹ 15,00,000; the cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, then what is the amount of gross profit? |
₹12,00,000 ₹2,00,000 ₹5,00,000 ₹13,00,000 |
₹5,00,000 |
Gross profit = Net sales- COGS |