7. Gross profit can be calculated as (a) Net profit + Insured standing charges. (b) Net profit - Insured standing charges. (c) Net profit + standing charges. 8. The cost of salvaged stock must be (a) Credited to trading account. (b) Debited to salvaged stock account. (c) Both (a) and (b). 9. Amount of indemnity payable is (a) Gross Profit lost - Claim for increased cost of working Capital - Saving in Insured standing Charges. (b) Gross Profit lost- Claim for increased cost of working Capital + Saving in Insured standing Charges. (c) Gross Profit Lost +Claim for increased cost of working Capital - Saving in Insured standing Charges. 10. Short Sales for the purposes of Loss of Profit Policy shall be: (a) Adjusted Annual Turnover - Annual Turnover (b) Adjusted Annual Turnover - Adjusted Standard Turnover (c) Adjusted Standard Turnover - Actual Turnover