Opening stock 30000
Purchase 140000
Closing stock 20000
Profit@25%on sale price
Calculate sales
Answers
Explanation:
Cost of Goods Sold = Opening stock + Purchase - Closing stock
30000 + 140000 - 20000
150000
COGS = 150000
Profit 25%on sale price
Assume,
Net Sales= y
COGS = Sales - Gross profit
150000 = y - 25% on sale price
150000 = y - 25y/100
150000 = 75y/100
y = 150000×100/75
y = 15000000/75
y= 200000
Net Sales = 200000
G.P. = 25% on Sales = 50000
Hence,
Net Sales = 200000
Answer:
Net Sales = 2,00,000
Explanation:
Opening stock 30000
Purchase 140000
Closing stock 20000
To find :
Calculate Sales
Solution :
Cost of Goods Sold = Opening stock + Purchase - Closing stock
30,000 + 1,40,000 - 20,000
1,70,000 - 20,000
1,50,000
Cost of Goods Sold = 1,50,000
Profit 25 % on Sale Price
Let,
Net Sales = x
Net Sales = Cost of Goods Sold + Gross Profit
Cost of Goods Sold = Net Sales - Gross Profit
1,50,000 = x - 25 % of x
1,50,000 = 0.75x
x = 1,50,000 / 0.75
x = 2,00,000
Net Sales = 2,00,000
Gross Profit 25% on Sales = 50,000
2,00,000 × 25/100 = 50,000
∴ Net Sales = 2,00,000