| £ |
£ |
|
| Sales |
2,000 |
|
| Less Cost of Sales: |
||
| Opening Stock |
200 |
|
| + Purchases |
600 |
|
| - Closing Stock |
(300) |
( 500) |
| Gross Profit |
1,500 |
|
| Less Expenses : |
||
| [which includes £1,000
for Wages & Salaries] |
(1,300) |
|
| Net Profit |
£ 200 |