Question

if sales is Rs 900000 and gross profit is Rs 250000 then the cost of goods sold is
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Answer 1

Answer:

650,000 is the correct answer

Step-by-step explanation:

COGS = Beginning Inventory + Purchases During the Period – Ending Inventory.

Gross Income = Gross Revenue – COGS.

Net Income = R

Answer 2

Answer:

Sales ; SP = Rs 900000

Gross profit ; P = Rs 250000

$\begin{gathered}\\\end{gathered}</p><p>\large\pink{\underline{\underline{\maltese{Find:-}\maltese}}}$

The cost of goods sold

$\begin{gathered}\\\end{gathered}</p><p>\large\pink{\underline{\underline{\maltese{Formula:-}\maltese}}} \\ \\ </p><p>\begin{gathered}\\\end{gathered}</p><p>\large\purple{\fbox{P = SP - CP}} \\ \\ P = SP - CP</p><p>\begin{gathered}\\\end{gathered}</p><p>\large\pink{\underline{\underline{\maltese{Solution:-}\maltese}}}✠Solution:−✠$

\begin{gathered}\\\end{gathered}

P = SP - CPP=SP−CP

=> CP = SP - PCP=SP−P

=> CP = Rs 900,000 - Rs 250,000CP=Rs900,000−Rs250,000

=> CP = Rs 650,000CP=Rs650,000

$\begin{gathered}\\\bf\blue{The\:cost\:of\: goods\: sold}\end{gathered}Thecostofgoodssold</p><p>\bf\blue{is =}\bf\purple{ Rs\: 650,000 }is=Rs650,000</p><p>\begin{gathered}\\\\\\\end{gathered}$

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