Question

Goods costing Rs. 7,500 where sold at 25% profit on selling price. The sales will be
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Answer 1

Answer:

profit of 1875

Explanation:

cash account. dr. 9375

to sales account. 9375

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Answer 2

Answer:

Actual price of goods = ₹7,500

Profit = 25%

Profit = 25/100 × 7500

= ₹1875

Hence there is a profit of ₹1875

Cost of goods after having a profit=

₹7,500 + ₹1875

= ₹9,375

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