Year 9 - BST - 11.3.14

Thai Sikh International School

E-Learning Programme – Online Assignment –11/03  /2014

Name :                                                                       Subject :  Business Studies

         Year   :           9 A/B                                                             No. 9

    1.      Complete the following table:

Sl.No.	Sales Revenue ($)	Cost of sales ($)	Gross profit($)	Expenses($)	Net Profit ($)
01.	70,000	32,000			15,000
02.		25,000	40,000	28,000
03.	55,000		30,000		20,000
04.	80,000	45,000		20,000
05.		30,000	15,000	10,000
06.	90,000	25,000		12,000

   2.      Explain the difference between Gross Profit and Net Profit of the business

    3.      A business furnishes the following information to you

Opening inventory                $ 20,000

Closing inventory                 $ 25,000

Purchases                              $ 40,000

Sales Revenue                      $ 75,000

What is the Gross Profit of the business?