Question

if sales is 200000 and gross profit is 20 percent what is gross profit

Answer 1

Gross profit =20÷100×200000
=40000

Answer 2

40,000

Explanation:

Given:

Sales value = 200,000

Gross profit rate = 20%

Gross profit = ?

Note: Assume , Gross profit calculated on sales.

Computation:

Gross Profit = Sales value x Gross profit rate  

Gross Profit = 2,00,000 x 20%

Gross Profit = 2,00,000 x 20/100

Gross Profit = 2,00,000 x 0.20

Gross Profit = 40,000

Therefore Gross profit over sales is 4,00,000

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