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Q1): Calculate the Gross Profit for each transaction. Show all your calculations. 3000 items sold for 45 aed each; cost of goods sold = 3000

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Q1): Calculate the Gross Profit for each transaction. Show all your calculations. 3000 items sold for 45 aed each; cost of goods sold = 3000 @ 16 aed each. Q2): Tristan Dance shop Ltd sold 7000 dresses in the last financial year ending 31 December 2020. The selling price was 750 aed per dress. Cost of goods sold was 250 aed for each dress. Calculate the gross profit

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