What is the amount of gross profit or loss when cost of goods sold is ` 7900, sales worth ` 11000 and purchases are ` 3000?

What is the amount of gross profit or loss when cost of goods sold is

1.	What is the amount of gross profit or loss when cost of goods sold is ` 7900, sales worth ` 11000 and purchases are ` 3000?
A.	` 8000
B.	` 3100
C.	` 4900
D.	` 100 (loss)
Answer» C. ` 4900

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What is the amount of gross profit or loss when cost of goods sold is ` 7900, sales worth ` 11000 and purchases are ` 3000?

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