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In 2018 mother dairy sales are 378000rs and its gross profit margin is 20 percent. if its cost of raw material are 5 percent higher than 2017 and its gross margin percentage for 2018 is double that of the previous year. what were mother dairy sales in 2018.
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Answer:
Rs. 463050
Step-by-step explanation:
2017 (note. it is probably typo saying 2018 but it can be interchanged with below section)
Sales= Rs. 378000
Gross profit = 20%
Cost= RS. 378000/1.2= Rs. 315000
2018
Cost= 5% higher than 2017= Rs. 315000+5%=Rs. 315000*1.05= Rs. 330750
Gross profit= 2*20%=40%
Sales= Rs. 330750 +40%= Rs. 330750*1.4= Rs. 463050
Answer: mother dairy sales in 2018 is Rs. 463050
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