Question - 06

From the following balance taken from the books of simmi and vimmi Ltd. for the year ending 31st March 2017 calculate the gross profit:

Closing stock Rs. 2,50,000 
Net sales during the year Rs. 40,00,000
Net purchases during the year RS. 15,00,000
Opening stock Rs. 15,00,000
Direct expenses Rs. 80,000.