Question

Given : If Gross Profit Ratio is 25%, Net Profit
Ratio is 12% and Sales is Rs. 21,600. What is
the value of Cost of the Goods Sold ?
(1) Rs. 19,008 (2) Rs. 17,200
(3) Rs. 18,892 (4) Rs.160,200
DI
non​

Answer 1

Answer:

Gross Profit is calculated by the below equation:

Gross Profit = Sales - Cost of goods sold

In the given situation, gross profit is 20% on the cost of goods sold.

Hence, assume cost of goods sold is 100, than the sales will be Rs.100+ Rs.20 i.e. Rs.120

Accordingly

Cost of goods sold will be = Rs.150000 * 100

120

Cost of goods sold = Rs. 125000

Therefore Gross Profit = Cost of Goods sold * 20%

Gross Profit = Rs.125000 * 20%

Gross Profit = Rs.25000

Answer 2

Answer:16200

Explanation:

Cost of good sold= 100-Gross profit

= 100-25%=75% of sale

=> 21600*75%= 16200