Question

In Mono Trading the proprietor realized that the sales was $450 while the cost of goods sold were $300 which as a result the gross profit was $150. Stock at the beginning was none while the stock at the end was $100 while the operating expenses were $40 (rent $25 and electricity $15) which determined the net profit. Respectively, draft the 'Revenue statement ' with it's net profit?

Answer 1

Certainly! Below is the Revenue Statement for Mono Trading, complete with the calculations that lead to the net profit.

### Mono Trading Revenue Statement

| **Particulars** | **Amount ($)** |
|---------------------------------------|----------------|
| **Revenue (Sales)** | 450 |
| **Cost of Goods Sold (COGS)** | 300 |
| **Gross Profit** | 150 |
| | |
| **Operating Expenses** | |
| - Rent | 25 |
| - Electricity | 15 |
| | **Total Operating Expenses** | 40 |
| | |
| **Net Profit** | |
| **(Gross Profit - Total Operating Expenses)** | 150 - 40 = 110 |

### Summary:
- **Net Profit:** $110

### Final Revenue Statement:

| **Particulars** | **Amount ($)** |
|---------------------------------------|----------------|
| **Revenue (Sales)** | 450 |
| **Cost of Goods Sold (COGS)** | (300) |
| **Gross Profit** | 150 |
| **Operating Expenses** | (40) |
| **Net Profit** | **110** |

This concludes the revenue statement for Mono Trading, indicating a net profit of $110 after accounting for the gross profit and operating expenses.

Answer 2

Thanks