goods costing 20,00,000 sold for cash at profit 10%
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Answer:
profit made is of rupees 2000000
20000000*10%
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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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