Question

cost of of goods sold Rs 80,000.Rate of G.P 25% on cost of goods sold . calculate G.P and sales
2 points
10000, 70,000
10000, 90,000
20000, 60,000
20000 100000​

Answer 1

Answer:

Gross Profit = Rs 20,000

Net Sales = Rs 1,00,000

Explanation:

Given :

Cost of Goods Sold = Rs 80,000

Rate of G.P 25% on Cost of goods sold

To find :

Calculate G.P and Sales

Solution :

Gross Profit :

G. P. 25 % of Cost Of Goods Sold

⇒ 25 % of 80,000

⇒ 20,000

Gross Profit = Rs 20,000

Net Sales :

Gross Profit = Net Sales - Cost of Goods Sold

⇒ 25 % of 80,000 = Net Sales - 80,000

⇒ Net Sales = 80,000 + 20,000

⇒ 80,000 + 20,000 = 1,00,000

Net Sales = Rs 1,00,000

Therefore,

20,000 ; 1,00,000

Gross Profit = Rs 20,000

Net Sales = Rs 1,00,000