Question

66. If cost of goods sold is 20,000 & profit is 33.33% on S.P. then find S.P.
of goods:
(a) 30,000
(b) 40,000
(c) 32,000
(d) 31,000
Answer:
ogs 10,000 and Net Profit 20,000,​

Answer 1

Answer:

sp= 1+profit%/100×cp u can try this formula

Answer 2

Selling price = 30,000

Explanation:

Given:

Cost of goods sold = 20,000

Profit = 33.33% on S.P

Find:

S.P.

Computation:

Selling price = Cost of goods sold + Profit

Selling price = 20,000 + [20,000]33.333/66.66

Selling price = 20,000 + 10,000

Selling price = 30,000

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