Goods costing Rs 8,000 sold at a profit of 20 percent on cost then profit will be added in ___ account in accounting equation
Answers
Correct option is
Correct option isA
Correct option isARs.25,000
Correct option isARs.25,000Gross Profit is calculated by the below equation:
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods sold
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn the given situation, gross profit is 20% on the cost of goods sold.
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100 120
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100 120Cost of goods sold = Rs. 125000
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100 120Cost of goods sold = Rs. 125000Therefore Gross Profit = Cost of Goods sold * 20%
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100 120Cost of goods sold = Rs. 125000Therefore Gross Profit = Cost of Goods sold * 20% Gross Profit = Rs.125000 * 20%
Correct option isARs.25,000Gross Profit is calculated by the below equation:Gross Profit = Sales - Cost of goods soldIn 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.120Accordingly Cost of goods sold will be = Rs.150000 * 100 120Cost of goods sold = Rs. 125000Therefore Gross Profit = Cost of Goods sold * 20% Gross Profit = Rs.125000 * 20%Gross Profit = Rs.25000