4.X, the proprietor of a departmental store, decided to calculate separate profits

for his two departments L and M for the month ending 31st January. Stock on

31st January could not be valued for certain unavoidable reasons, but his rate of

gross profit (calculated without reference to direct expenses) on sales for the two

departments are 40% and 30%.

The following figures are given:

Indirect expenses for the whole business containing five departments are

Rs. 10,800 which are to be charged in proportion to department sales except as

to1/6th, which is to be divided equally. Sales for remaining three departments were

Rs. 1,02,000.

Prepare a Statement showing profits for the two departments.