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?

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?

The correct answer is C. #68,800

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