Calculate sales if cost of goods sold is 120000 and the rate of gross loss is 1/4 on sales.
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Gross loss=1,20,000×1/5
=>gross loss =24,000
cost of goods sold - gross loss = sales
=>1,20,000-24,000 = sales
=> sales=96,000
i hope it helps u dear❤❤
=>gross loss =24,000
cost of goods sold - gross loss = sales
=>1,20,000-24,000 = sales
=> sales=96,000
i hope it helps u dear❤❤
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