Cash sales Rs. 1,70,000, Cost of good old Rs 1.94.000, Gross
profit Rs.2.58,000. Calculate credit sales
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first find out total sales
Cost of goods sold=sales-gp;here cogs and gp is given so you can find out total sales after that total sales=cash+credit sales;here cash sale is already given and above he have already calculated total sales!
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Answer:
Credit Sales = Rs. 2,82,000
Explanation:
Given :
- Cash Sales = Rs. 1,70,000
- Cost of Goods Sold = Rs. 1,94,000
- Gross Profit = Rs. 2,58,000
To find :
- Credit Sales
Solution :
Net Sales = Cash Sales + Credit Sales
Net Sales = Cost of Goods Sold + Gross Profit
⇒ 1,94,000 + 2,58,000
⇒ 4,52,000
Net Sales = Rs. 4,52,000
Net Sales = Cash Sales + Credit Sales
⇒ 4,52,000 = 1,70,000 + Credit Sales
⇒ 4,52,000 - 1,70,000 = Credit Sales
⇒ 2,82,000 = Credit Sales
∴ Credit Sales = Rs. 2,82,000
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