Accountancy, asked by aboobackermc, 6 months ago

gross profit on sale is 25% .cost of goods sold rs 400000 .find out sales?

Answers

Answered by rakeshkry020

1

Explanation:

Cost = 100%

Gross profit = 25%

Therefore sales = 125%

If 125% = 500,000

Then 100%= 500000/125 * 100 = 400,000

Cost = 400,000.

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