Question

find cost of goods sold and gross profit if net sales is 6,00,000 and gross profit is 25% on cost?​

Answer 1

Answer:

12000 and make me brainlist

Explanation:

COGS = Net sales - Gross profit. net sale=600000,gross profit is 25% on cost . let COGS be x. so, gross profit will be 25% of x or 0.25 x. x = 600000 - 0.25x. x + 0.25x = 600000. 1.25x = 600000. x = 600000/125 × 100.

x or COGS = 480000. Gross profit = 25% of x. GP = 25% × 480000.

GP = 120000. hope it helps ..

29-Nov-2019