question is there pls help me
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Step-by-step explanation:
Cost of Goods Sold = 6,63,750
Explanation:
Given :
Net Sales during the year 2012 = 8,85,000
Gross Profit = 25 % on Sales
To find :
The Cost of Goods Sold
Solution :
Gross Profit is 25 % on Sales
According to the Question :
Net Sales = 8,85,000
So,
Gross Profit = 8,85,000 \: \times \: \dfrac{25}{100}8,85,000×
100
25
\longrightarrow⟶ 2,21,250
Gross Profit = 2,21,250
Gross Profit = Net Sales - Cost of Goods Sold
\longrightarrow⟶ 2,21,250 = 8,85,000 - Cost of Goods Sold
\longrightarrow⟶ Cost of Goods Sold = 8,85,000 - 2,21,250
\longrightarrow⟶ Cost of Goods Sold = 6,63,750
Cost of Goods Sold = 6,63,750
Therefore,
Cost of Goods Sold = 6,63,750
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