What were the goods British East India company wanted from different lands? (Write 3 examples)
Answers
It specialised in the spice trade and gave its shareholders 40% annual dividend. The British East India Company was fiercely competitive with the Dutch and French throughout the 17th and 18th centuries over spices from the Spice Islands.
The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade
hope it helps you
mark me as brainliest please
Answer:
The amount of Gross Profit will be ₹ 20,000
Explanation:
Given :
Sales amount = ₹ 1,00,000
Gross profit = 25 % of the cost
To find :
The amount of Gross Profit
Solution :
Gross Profit = Net Sales - Cost of Goods Sold
Let,
Cost of Goods Sold = x
Net Sales = Cost of Goods Sold + Gross Profit
⇒ 1,00,000 = x + 25 % of x
⇒ 1,00,000 = x + 0.25 x
⇒ 1,00,000. = 1.25x
⇒ x \: \: = \dfrac{1,00,000}{1.25}x=1.251,00,000
⇒ x \:=\: 80,000x=80,000
Cost of Goods Sold = ₹ 80,000
★ Gross Profit = Net Sales - Cost Of Goods Sold
⇒ 1,00,000 - 80,000
⇒ 20,000
Gross Profit = ₹ 20,000
Therefore,
The amount of Gross Profit will be ₹ 20,000
★ Verification :
According to the Question :
Gross profit = 25 % of the cost
Gross profit = ₹ 20,000
Cost of Goods Sold = ₹ 80,000
⇒ 25 % of 80,000
⇒ 20,000