Question

Question 26.
Calculate Sales:
Cost of goods sold – ₹ 2,00,000
Rate of Gross Profit 20% on Sales

Answer 1

Answer:

240000

Explanation:

sp=cp*(100+profit)/100

= 200000*120/100=240000

Answer 2

The sales is ₹ 2,50,000.

Explanation:

Given:

Cost of goods sold – ₹ 2,00,000 .

Rate of Gross Profit 20% on Sales.

Now, to calculate sales.

Let the sales be $x.$

So, gross profit = $20\%\ of\ x.$

Cost of goods sold = ₹ 2,00,000 .

Now, to get the sales we put formula:

Cost of goods sold = Sales - gross profit

$200000=x-20\%\ of\ x$

$200000=x-\frac{20}{100} \times x$

$200000=x-\frac{20x}{100}$

$200000=\frac{100x-20x}{100}$

$200000=\frac{80x}{100}$

$200000\times \frac{100}{80} =x$

$250000=x$

$x=250000$

Therefore, the sales is ₹ 2,50,000.