a certain business has Rs.2500000 of sales in on month.sales returns of RS.15000.The goods sold were of cost 505000 and overhead expenses of Rs.580000.calculate the profit rate percent.
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Answer:
sorry I'll try next time
Step-by-step explanation:
sorry I'll try next time
Answered by
0
Answer:
Step-by-step explanation:
Formula:
Profit rate % = Gross profit ÷ Net Sales * 100
Net Sales = Sales - Sales return
2500000 - 15000
= 2,485,000
Gross profit = Net sales - cost of goods sold - overhead expenses
= 2,485,000 - 505000 - 580000
= 1,400,000
Profit rate%= 1,400,000 ÷ 2,485,000 * 100
= 56.3%
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