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4. Based on the data in the following table, what is the correct value of Gross Profit: A. B. C. D. 000 sales 3,000 purchases

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4. Based on the data in the following table, what is the correct value of Gross Profit: A. B. C. D. 000 sales 3,000 purchases 1,600 carriage outwards 180 returns inwards 40 opening inventory 60 closing inventory 75 1,195,000 1,345,000 1,375,000 1,455,000 (1 mark) Explain the treatment of the items for carriage and for returns in the above calculation. (4 marks) 4.a

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