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Commerce Accounting Difficulty: Medium

A company incorporated on 1 st April 2001 took over a running business from 1 st January, 2001 and prpared its final accounts on 31 st December, 2001. Its grows profit was Rs. 24,000 and sales were as under: January - Twice the average sale February - Equal to average sale May to August - $${\frac{1}{4}^{{\text{th}}}}$$ of average sale, each month October and November - 3 times the average sale each month What is the Gross Profit prior to incorporation:

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