Accountancy, asked by bushhhhhh1731, 11 months ago

Net sales 1200000 gp 331/3%on sales calculate gp and cogs

Answers

Answered by bakshiaru

3

Gross Profit = 4,00,000

COGS (Cost of Goods sold ) = Sales - GP

= (12,00,000-4,00,000 )

= 8,00,000

Explanation:

Gross Profit = Sales x rate/100 (1200000 x 33.33/100 = 400,000)

COGS (Cost of Goods sold ) = Sales - GP

= (12,00,000 - 4,00,000 ) = 8,00,000

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