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Calculate Sales, Cost of Sales and Net Profit An extract of the trial balance of Pamela Traders on 30 September 2020 is provided to you:

Calculate Sales, Cost of Sales and Net Profit

An extract of the trial balance of Pamela Traders on 30 September 2020 is provided to you:

Pamela Traders

Extract of the trial balance on 30 September 2020

Debit

Credit

R

R

Sales

45 000

Purchases

29 500

Inventory (01/10/2019)

5 700

Freight on purchases

750

Postage

340

Wages

6 000

Advertising

1 900

Other Sundry expenses

2 500

Additional information:

Inventory on hand on 30 September 2020 amounts to R6 400. The periodic inventory system is in use.

Calculate the gross profit amount.

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