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Sales are Rs 1,25,000, purchases Rs 75,000 and wages Rs 8,000. What is the gross profit?
ARs 42,000
BRs 50,000
CRs 83,000
DRs 1,17,000
Answer & Solution
Correct answer: A. Rs 42,000
Gross profit is 1,25,000 minus (75,000 + 8,000), which is 42,000.
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