Question

Calculate the gross profit if rate of gross profit 25% on sales and cost of good sold are 180000

Answer 1

Explanation:

Let Revenue from operations or sales be x.

Cost of Revenue from operations = Revenue from operations- Gross Profit .

180000=x- 25x/100

180000=75x/100

75x=180000×100

x=240000.

Gross Profit =25×240000/100=60000.

Answer 2

Gross Profit = 60,000

Explanation:

Given:

Gross profit rate = 25%(on sales) = 0.25

Cost of Goods sold = 1,80,000

Gross profit = ?

Computation:

Gross profit = Sales x Gross Profit rate

Gross profit = (Cost of goods sold + Gross profit ) x Gross profit rate

Gross profit = (1,80,000 + Gross profit ) x 0.25

Gross profit = 45,000 + 0.25 Gross profit

Gross profit - 0.25 Gross profit = 45,000

0.75 Gross profit = 45,000

Gross profit = 45,000 / 0.75

Gross Profit = 60,000

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