Question

The rate of gross profit on sales is 25%. Calculate the gross profit if cost of sales is 1,00,000

Answer 1

Explanation:

gross profit= 100000×25%=25000

Answer 2

Answer:

Explanation:

Cost = 100%

Gross profit = 25%

Therefore sales = 125%

If 125% = 500,000

Then 100%= 500000/125 * 100 = 400,000

Cost = 400,000.