Homework Answers
Calculate following
| Bright Ltd | Dull Ltd | |
| Sales | 182450 | 195270+10170 = 205440 |
| Sales returns |
182450-172140 = -10310 |
-10170 |
| Net Sales | 172140 | 195270 |
| Cost of sales | -113420 | 195270-73850 = -121420 |
| Gross profit | 172140-113420 = 58720 | 73850 |
| Operating expense | -23370 | 73850-26980 = -46870 |
| Profit | 58720-23370 = 35350 | 26980 |
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