Question

calculate the gross profit if rate of gross profit is 25% on sales and cost of goods sold is rs . 1,80,000
3 अंक
60000
36,000
45,000
30,000
7. closing stock appearing in the trial balance is shown on the:
1 अंक
Dr. side of Trading A/C
Cr. side of Trading A/C
assets side of balance sheet
cr. side of Trading a/c and assets side of balance sheet
8. If sales are 2,000 and the rate of gross profit on cost of goods sold is 25%, then the cost of goods sold will be:
3 अंक
1,600
1,500
1,700
1,800
9. outstanding salary is :
1 अंक
real a/c
personal a/c
nominal a/c
none of these​

Answer 1

Answer:

This can be simply calculated as :

Cost + Gross Profit=Sales

Assuming the cost is 100, than gross profit becomes 25

Hence

100+25= Sales i.e. 200000

therefore

200000/125*25= Rs.40000/-

Gross profit will be Rs.40000