12. Calculate the amount of gross profit, operating profit and net profit on the basis of the following 

balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2023.

    Rs.

Opening Stock     50,000

Net Sales 11,00,000

Net Purchases   6,00,000

Direct Expenses     60,000

Administration Expenses     45,000

Selling and Distribution Expenses     65,000

Loss due to Fire     20,000

Closing Stock     70,000