Question

calculate sales cost of goods sold rs 270000 rate of profit 25% on sales​

Answer 1

Explanation:

Cost of Goods Sold = Rs. 2,70,000

Rate of profit = 25% on Sales

Sales = ??

Solution :

• Sales = Cost of Goods Sold + Gross Profit

Let,

• Sales = x

Sales = Cost of Goods Sold + Gross Profit

x = 2,70,000 + 25% of x

x - 25% of x = 2,70,000

x - 0.25x = 2,70,000

0.75x = 2,70,000

x = 2,70,000/0.75

x = 3,60,000

Sales = 3,60,000

Gross Profit = 25% on Sales

Sales = 3,60,000

Gross Profit = 3,60,000 × (25/100)

Gross Profit = 90,000

Therefore, Sales = 3,60,000