Question

Calculate the gross profit and cost of good sold :net sales(100000)gross profit is 25% on cost

Answer 1

Answer:

gross profit = 25,000 ( 1,00,000 × 25%)

cogs = sale - gross profit

cogs = 1,00,000 + 25,000 = 75,000

Answer 2

20,000 and 80,000

Explanation:

Given:

Net sales = 1,00,000

Gross profit = 25%(on cost)

Gross Profit = ?

Cost of goods Sold = ?

calculation of cost of goods sold

Sales = Cost of Goods Sold + Gross Profit

1,00,000 = Cost of Goods Sold + 25%(cost of goods sold)

1,00,000 = 1.25 Cost Of Goods Sold

1,00,000 / 1.25 = Cost of goods sold

80,000 = Cost Of Goods Sold

Gross Profit = Cost of goods sold x Gross profit %

                   = 80,000 x 25%

Gross Profit = 20,000

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