If an entity has £2,500 in opening inventory, purchases £35,000 worth of inventory, paying an additional £1,500 carriage inwards, pays £2,000 carriage outwards, receives £42,000 in sales, has £12,000 in closing inventory, rent income of £1,000 and other expenses of £8,000. Then its gross profit is?

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The Answer of If an entity has £2,500 in opening inventory, purchases £35,000 worth of inventory, paying an additional £1,500 carriage inwards, pays £2,000 carriage outwards, receives £42,000 in sales, has £12,000 in closing inventory, rent income of £1,000 and other expenses of £8,000. Then its gross profit is?

If an Entity Has £2,500 in Opening Inventory, Purchases £35,000