Accountancy, asked by bubble30, 4 months ago

If the gross profit is 20% of cost of goods sold and sales are * 1,00,000; the amount of
gross profit will be
(a) 20,000.
(6) 25,000.
(c) * 16,667.
(d) None of these....
plz provide the solution also....

Answers

Answered by iagarwal

2

Answer:

c 16667

Explanation:

sale = gross profit + purchases

100000 = 20x/100 + x

100000 = 120x/100

x = 100000*10/12

x=250000/3

G.P = 20x/100

G.P = 250000/15

G.P = 16667(approx)

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