Use the information above to answer the following question.
gross profit = sales - cost of goods sold
(cost of goods sold is gotten as = opening stock + purchases - closing stock)
(COGS= 6000 + 23000 - 8000 = 21000) ''since we now know the value of cost of sales, we can now calculate the gross profit''
gross profit= 30,000 - 21,000 = 9,000