Question

The Cost of Goods Sold is Rs.6.00.000 and Gross Profit is Rs. 1.50.000. What will be the Sales of the Company?​

Answer 1

Answer:

700000 to 1000000

Explanation:

I guess I'm not sure that it is correct

Answer 2

Answer:

Given :

• Cost of Goods Sold = 6,00,000

• GRoss Profit = 1,50,000

To Find :

• Net sales = ?

We know that :

• Gross Profit = Net sales - Cost of Goods Sold

So,

1,50,000 = NS ( ? ) - 6,00,000

Net Sales = Gross Profit + Cost of Goods Sold

⟶ Net sales = 1,50,000 + 6,00,000

⟶ Net Sales = 7,50,000

⟶ Net Sales = 7,50,000

So, Net Sales = 7,50,000

= G P = N S - C o G S

= 1,50,000 = 7,50,000 - 6,00,000

= 1,50,000 = 1,50,000

∴ Net sales = 7,50,000

More :

• Gross Profit = Net Sales - Cost of Goods Sold

• Net Sales = Gross Sales - Sales Return

• Cost of Goods Sold = Opening stock + net purchase + direct expenses - closing Stock

• Net Purchases = Gross Purchases - Purchase Return

• Operating Profit = Gross Profit - Operating Expenses