Question

If rate of gross profit is 25percent on cost net sales is rupees 100000. The gross profit will be

Answer 1

The formula with explanation is given below.

Explanation:

Sales = Profit + Cost Price

Let cost price Be 100

Profit = $100*25/100=25$

Sales = 25 + 100

Sales = 125

In question sales is given as 100000

compare 100000 with 125 it comes to 800

sales 100000 comes to 800

Gross profit = $800*25=20000$

We can calculate Cost price too

Cost price = $800*100=80000$

Answer 2

Cost of Goods Sold = 80,000

Explanation:  

Given:

Gross profit = 25% of Cost of Goods Sold

Net sales = 100,000

Net sales = ?

Computation of net sales:

Net sales = Cost of goods sold + Gross profit

Net sales = Cost of goods sold + 25% (Cost of Goods Sold)

Net sales = Cost of goods sold + 0.25 Cost of Goods Sold

Net sales = 1.25 Cost of Goods Sold

100,000 / 1.25 = Cost of Goods Sold

Cost of Goods Sold = 80,000

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