Question

Cost of Good sold is Rs.
6,43,000 and Cost of
Sales is Rs. 7,10,000.
Calculate 20 % Profit on
selling price
O Rs. 1,60,175
O Rs. 1,28,600
ORs. 1,77,500
.
O Rs. 1,42,000

Answer 1

Answer:

Rs. 160000

Step-by-step explanation:

Let the sales be x. Therefore, gross profit = 1/4 of sales i.e., (1/4) * x or 0.25x and cost of goods sold = (3/4) * x or 0.75x.

Cost of goods sold = Rs. 120000

Sales = Cost of goods sold + Gross profit (-Gross loss)

X = 0.75x + 0.25x

X= Rs.120000 + 0.25x

X – 0.25x = Rs.120000

0.75x = Rs.120000

X = Rs. 120000 / 0.75 = Rs. 160000