Find out the amount of sales from the following information opening stock 30000 purchase 200000 closing stock 20000 gross profit 30%.
Answers
Answered by
2
Answer:
Cost of goods sold = opening stock + net purchases – closing stock = 30,000 + 2,00,000 – 20,000 = 2,10,000 Therefore, percentage of gross profit on cost of goods sold is 30/70 × 100 = 42.85%. Gross profit = Rs. 2,10,000 × 30/70 = Rs. 90,000 Sales = Cost of goods sold + Gross profit = 2,10,000 + 90,000 = 3,00,000
Answered by
3
Answer:
final answer gross profit=rs 54000
Explanation:
I hope it's helpful
Similar questions