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Opening stock 10,000
Add: Purchases 50,000
Cost of goods available for sale. 60,000
Less closing stock 12,000
Cost of goods sold. 58,000
Opening stock + purchases – sales = closing stock
10,000+ 50,000 – x = 12,000
X = 48,000
Gross profit = KSH (58,000 - 48,000) = KSH 10,000
sharon kalunda answered the question on February 25, 2019 at 11:23
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