Question

net sales during the year 2019 is rs. 285000 gross profit is 25% on sales find out the cost of goods sold

Answer 1

Answer:

. let cost be 100%

profit = 25%

THEN SALES = COST + PROFIT

= 100% + 25% = 125%

if 125% = 2,85,000

then 100% = ?

2,85,000×100/125 = 2,28,000