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FA is not a formula exam, and you won’t pass it by learning formulas!
Gross profit is sales less cost of goods sold.
Cost of goods sold is opening inventory plus purchases less closing inventory.(The exam stopped using the word ‘stock’ years ago. The correct word is inventory).
What other workings are needed depends on what information is given in the question.
I suggest that you watch my free lectures. They are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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