Question

If, COGS = * 70,000, GP Margin 30% of sales. What will be the value of sales

al. 2.00.000 b/66.667 c) 1,00,000 d) 62,500​

Answer 1

Answer:

C) 100000

Explanation:

Sales-Gross profit=Cost of goods sold

S-(S×30/100)=70000

(100S-30S)/100=70000

70S/100=70000

S=100000

Answer 2

Answer:

Option C: 1,00,000

Explanation:

let sales be 1

Cost of good sold = sales-gross profit

70,000=1-30%

70,000= 1-30/100  ( taking LCM OF 100)

70,000=100-30/100

70,000=70/100 ( Cross multiply)

70,000 *100/70

sales= 1,00,000 (ans)

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