Question

2. If sales are Rs. 2,000 and the rate of gross profit on cost of
goods sold is 25%, then the Cost of goods sold will be
(a)Rs. 2,000.
(b)Rs. 1,500.
(c)Rs. 1,600.
(d)None of the above.
3. The total cost of goods available for sale with​

Answer 1

Answer:

and is 1600

Explanation:

let cost price = 100 rupee

profit margin as 25% on 100=25rupee

cost +profit= s.p

100+25=125

if sales are 2000

COGS=2000/25×100

1600 Answer