Question

6. If the rate of gross profit is 25% on sales and the cost of goods sold is 3 1,00,000, the gross profi
will be :
a) 25,000
b) 33,333
c) 28,000​

Answer 1

This can be formulated as:

Sales - Cost of goods sold = Gross Profit

If sales is Rs.100

Then Gross Profit becomes Rs.25 (25% of sales)

Cost of Goods sold will be Rs.75 (Rs.100-Rs.25)

Cost of goods sols is equal to 75% of sales

Sales =Cost of goods sold/75%

Sales=Rs.100000

please mark as brainlist this is right answer