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Calculate the gross profit/loss if sales Rs. 60000, cost of sales Rs. 50000, opening stock Rs. 10000; purchases Rs. 40000; wages Rs. 20000, and office rent Rs. 10000.

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Calculate the gross profit/loss if sales Rs. 60000, cost of sales Rs. 50000, opening stock Rs. 10000; purchases Rs. 40000; wages Rs. 20000, and office rent Rs. 10000. Answer: Profit Rs. 10000

Question context

This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the Audit preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.