Question

Calculate Net Sales And G.P. from the following :
Cost of Goods Sold. ₹4,50,000
G.P. 25% on Sales
​

Answer 1

Answer:

Correct option is

A

Rs. 1,00,000

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

Explanation:

hope this helps you

Mark me as BRAINLIEST

Answer 2

Explanation:

Solution :

• Gross Profit = Net Sales - Cost Of Goods Sold

Let,

• Net Sales = x

• Gross Profit = Net Sales - Cost Of Goods

⇒ 25 % of x = x - 4,50,000

⇒ 0.25 x = x - 4,50,000

⇒ 4,50,000 = x - 0.25 x

⇒ 4,50,000 = 0.75 x

⇒ x = 4,50,000 / 0.75

⇒ x = 6,00,000

Net Sales = ₹ 6,00,000

• Gross Profit = Net Sales - Cost Of GoodsSold

⇒ 6,00,000 - 4,50,000

⇒ 1,50,000

Gross Profit = ₹ 1,50,000

★ Verification :

G.P. = 25 % on sales

Gross Profit = 25% on Sales

Net Sales = Rs 6,00,000

⇒ 25 % of 6,00,000

⇒ 1,50,000

Therefore,

• Net Sales = ₹ 6,00,000
• Gross Profit = ₹ 1,50,000