Question

empted Questions : 9
Question:7
Calculate gross profit if cash sales
2,00,000/-, credit sales 1,00,000/-, cost of
goods sold Rs.50,000/-.
Options​

Answer 1

Explanation:

Answer: Sales = 2,00,000. Gross Profit = 25% on Sales. Cost of Goods Sold = Total Sales − Gross Profit. = 2,00,000 − 50,000 = 1,50,000.