Net purchases Rs. 72,000, Sales Rs. 76,000, Sales returns Rs. 6,000 Cost of goods sold Rs. 60,000, the amount of gross profit will be

The correct answer is A. Rs. 10,000.

Gross profit is calculated by subtracting the cost of goods sold from net sales. Net sales are calculated by subtracting sales returns from sales. In this case, net sales are $76,000 – $6,000 = $70,000. The cost of goods sold is $60,000. Therefore, the gross profit is $70,000 – $60,000 = $10,000.

Option B is incorrect because it is the amount of sales returns. Option C is incorrect because it is the amount of net purchases. Option D is incorrect because it is the amount of sales.