Q10. Find out sales when the cost of goods sold is Rs. 1,60,000 and the Gross Profit ratio
of 20%
a) 2,00,000
b) 40,000
c) 2,40,000
d) 1,20,000
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Answer:
1,60,000/100%-20%
= 1,60,000/80%
= 2,00,000(A)
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