Question

if sales is 420000 and sale return is 20000 and the cost of good sold 320000 gross profit will be? ​

Answer 1

ye hi answer h iss questions ka

Answer 2

Given:

Sales = 4,20,000

Sales Return = 20,000

Cost of goods sold(COGS) = 3,20,000

To Find:

Gross profit

Solution:

• Gross profit refers to the cost which comes in hand after subtracting all the costs after selling the goods.
• It refers to corporate gain.
• For calculating the gross profit one needs to find the net sales.
• Net sales = 4,20,000 + 20,000 = 4,40,000

Gross Profit: Net sales - COGS

= 4,40,000 - 3,20,000

= Rs. 1,20,000

Thus, the gross profit generated will be Rs. 1,20,000.