Question

Find cost, if sale 200000, gross profit 20% on sale.​

Answer 1

Answer:

Rate of Gross Profit on Sale = 1/5

Rate of Gross Profit on Cost = 1/4

Gross Profit = ₹ 50,000 (1/4 of 2,00,000)

Sales = Cost of Goods Sold + Gross Profit

Sales = 2,00,000 + 50,000 = ₹ 2,50,000

Answer 2

Answer:

Explanation:

sale =200000,gross profit 20%

let cost be x

gross profit=sales-cogs

20%of 200000=200000-x

40,000=200000-x

x=200000-40,000

x=1,60,000