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MRDC Electronic Enterprise selling expenses amounted to 234,000.00, while its administrative expenses reached 212, 400.00. Inventory of their merchandise at the beginning of the year
MRDC Electronic Enterprise selling expenses amounted to 234,000.00, while its administrative expenses reached 212, 400.00. Inventory of their merchandise at the beginning of the year was 135,000.00. Purchase of 1, 135, 000.00 was made during the year. At the end of the year, the inventory of their merchandise was 550,000.00. Their sales returns and allowances amounted to 45,000.00. MRDC Electronic Enterprise had a total sale of 1, 135, 000.00. What is the net profit or loss of the enterprise.
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