Gross profit ratio is 30%, Gross Profit is Rs. 2,00,000. Calculate the COGS.
Answers
Answered by
3
Answer:
Gross profit ratio = Gross profit/net sales ×100
30% =. 200000/net sales
30/100 = 200000/net sales
3/10= 200000/net sales
3 net sales = 200000*10
net sales = 2000000/3
= 666666.66
= 666667
cost of goods sold = net sales - gross profit
= 6,66,667-200000
= 4,66,667
Answered by
0
Answer:
The answer is 4,66,667
Explanation:
Gross profit ratio = Gross profit/net sales ×100
30/100 = 200000/net sales
3/10= 200000/net sales
3 net sales = 200000*10
net sales = 2000000/3
= 666667
cost of goods sold = net sales - gross profit
= 6,66,667-200000
= 4,66,667
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