If opening capital is ks 70000 and closing capital is ks 90000, what is the amount of profit or loss

20,000

Explanation:

The computation of the amount of profit or loss is given below:

As we know that

Closing capital = opening capital + profit or loss - drawings

90,000 = 70,000 + profit or loss - 0

Profit = 90,000 - 70,000

= 20,000

Hence, the amount of profit is 20,000

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

hope it =^-^=

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.