Accountancy, asked by kripagangwal972, 1 year ago

If cash sales Rs 90000 and credit sales rs 210000 and proprietor charged profit 25% on cost.CalculAte the gross profit.

Answers

Answered by ayushgupt20002perw3n
0
here is your answer in attachment
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Answered by Anonymous
0

Total Sales = Rs.90,000 + Rs.2,10,000

                  = Rs.3,00,000

Total Sales = (Cost + Cost* 25%)

Rs.3,00,000 = Cost( 1 + 25%)

Rs.3,00,000 = Cost( 1.25)

Cost = 3,00,000/1.25

Cost = Rs.2,40,000

Gross Profit = Sales - Cost of Goods Sold

                   = Rs.3,00,000 - Rs.2,40,000

                    = Rs.60,000

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