Question

Calculate sales cogs =60000, g. P=20% of sales

Answer 1

Explanation:

sales = cogs+ GP

here we have cogs

so sales-GP =COGS

let the sales be x

x-20% of x=60000

x-20x/100=60000

x-x/5=60000

4x/5=60000

4x=3,00,000

x=75000 hence sales=75000

HOPE IT HELPS