Question

goods costing 20,00,000 sold for cash at profit 10%​

Answer 1

Answer:

profit made is of rupees 2000000

20000000*10%

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Answer 2

Sale during the year

Explanation:

Given:

Cost of goods sold = 20,00,000

Rate of profit = 10% = 10 / 100 = 0.1

Profit = ?

Sale price =?

Computation of profit:

Profit = Cost of goods sold x Rate of profit

Profit = 20,00,000 x 0.1

Profit = 2,00,000

Sale price = Cost of goods sold + Profit

Sale price = 20,00,000 + 2,00,000

Sale price = 22,00,000

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