| Opening Stock | Rs. 15,000 |
| Purchases | Rs. 40,000 |
| Cost of goods sold | Rs. 52,000 |
| Sales | Rs. 57,000 |
Gross profit on gross loss is?
A. Rs. 12,000
B. Rs. 5,000
C. Rs. 5,000 (Loss)
D. Rs. 7,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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