cost of goods sold rs 250000. 3/4 goods were sold at a profit of 25 percent on cost. find out
1. sales
2.closing stock
Answers
Answered by
1
Given COGS = 250000
sales is 3/4 + 25% profit on cost
so sales = 250000×3/4 = 187500× 125/100 = 234375
and closing stock = 250000- 187500=62500.
sales is 3/4 + 25% profit on cost
so sales = 250000×3/4 = 187500× 125/100 = 234375
and closing stock = 250000- 187500=62500.
Similar questions