Question

If the sale is ₹ 400000 and the gross profit is 25% of the cost, then what will be the amount of gross profit?​

Answer 1

Answer:

400000*25/100

4000*25

100000

400000-100000

300000ans

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Answer 2

Gross profit = 80,000

Explanation:

Given:

Sales during the year = 400,000

Gross profit = 25% of the cost

Gross profit = ?

Computation of gross profit during the year :

Sales during the year = Cost of goods sold + Gross profit

Sales during the year = Cost of goods sold + 25% of Cost of goods sold

400,000 = Cost of goods sold + 0.25 Cost of goods sold

400,000 = 1.25 Cost of goods sold

Cost of goods sold = 400,000 / 1.25

Cost of goods sold = 320,000

Gross profit = Sales during the year - Sales during the year

Gross profit = 400,000 - 320,000

Gross profit = 80,000

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