Question

if the cost of goods sold is Rs. 1,20,000 and the rate of gross loss is 1/4 on sales, the amount of sales is

Answer 1

Answer:

Rs.96000/-

Explanation:

Let us assume Cost of Goods Sold is 100

Gross Loss is 1/4 of the sales i.e. 25

Therefore  

Sales=Cost of goods sold + Gross Loss

        = 100+25

Sales becomes  

Cost of goods Sold/125*100

Sales = Rs.96000/-

Answer 2

Answer:

The amount of sales is Rs. 96,000

Explanation:

Solution :

• Cost of Goods Sold is Rs. 1,20,000
• The rate of Gross Loss is 1/4 on Sales
• The amount of sales is = ??

Let,

Sales = x

Cost of Goods Sold = Sales + Gross loss

⇒ 1,20,000 = x + 1/4 of x

⇒ 1,20,000 = x + 0.25x

⇒ 1,20,000 = 1.25x

⇒ x = 1,20,000/1.25

x = 96,000

Sales = Rs. 96,000

Therefore, the amount of sales is Rs. 96,000