Question

Goods costing ₹40,000 sold at a profit 20 %for cash costing prices



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Answer 1

good's profit-20%

or,cost-120%

or,cost-40000×120/100=48000

Answer 2

Sales price = 48,000

Step-by-step explanation:

Given:

Cost of good sold = 40,000

Profit = 20% on cost

Find:

Sales price

Computation:

Sales price = Cost of good sold[1+Profit]

Sales price = 40,000[1+20%]

Sales price = 40,000[1+0.20]

Sales price = 40,000[1.20]

Sales price = 48,000