a company earn a gross profit of 20% on cost. its credit sales are twice its cash sales. if the credit sales are 500000 , calculate the gross profit ratio. via unitary method
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Answered by
6
Answer:
150000
Explanation:
cash sales =500000*50%=250000
gross profit on cost =20%
gross sales =120% of sales
sales= cash sales + credit sales
=250000+500000
=750000
gross sales value=750000*120%
=900000
gross profit =sale value - cost value of
sales
=900000-750000
=150000
Answered by
0
Answer:
answer is 15000 ''''''
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