Rate expenses of 1,500 are apportioned in the ratio 1:2 The gross profit for K is
Departments K Y
Opening 2,500 800
Purchases 120,000 100,000
Sales 180,000 200,000
Salary 8,000 30,000
Closing stock 3,000 1,500
Rate expenses of 1,500 are apportioned in the ratio 1:2
The gross profit for K is
A # 60,700
B #23,500
C #60,500
D #82,500
Answer is C
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