1. At the end of the year the capital of a business was $33000, at the beginning of the year the capital was $28000. During the

Question

3 years ago

5

1. At the end of the year the capital of a business was $33000, at the beginning of the year the capital was $28000. During the

year the owner withdrew from personal use $2000.What was his net profit for this year?
2. An article is subject to a 20% trade discount.Its list price is $600. What is it’s sale price?

3. The account which disclosed the gross profit or loss is called the___.

4.the net profit of a firm was shown as $1600 and it was later discovered that discounts received were under cash by $10 and purchases were understated by $36.What was the corrected net profit?

Mathematics

1 answer:

kolbaska11 [484] · Answer 1 · 2022-03-05T05:55:05+03:00

kolbaska11 [484]3 years ago

3 0

Answer:

2. Sale Price: $480

Sorry I couldn't answer the other questions.

Step-by-step explanation: