Question

if sales are 60000 and rate of gross profit is 25% on cost of goods sold than what is gross profit​

Answer 1

Answer:

Explanation:

Gross profit = 25%

Therefore sales = 125%

If 125% = 60000

Then 100%= 60000/25 * 100 =2400

Cost = 2400.

Answer 2

12,000

Explanation:

Given:

Sales = 60,000

Gross Profit = 25%

• Sales = Cost if goods Sold + Gross Profit

Gross profit = Cost of goods sold * GP rate

                    = 25/100(Cost of goods sold)

                    = 0.25 Cost of goods sold

• Sales = Cost if goods Sold + Gross Profit

      60000 = Cost if goods Sold + 0.25 Cost of goods sold

      60000 = 1.25 Cost of goods sold

      60000/1.25 = Cost of goods sold

        48000 = Cost of goods sold

Gross profit = Sales - Cost of goods sold

                     = 60000-48000

                     =12000

Learn more

brainly.in/question/6925281

#learnwithbrainly