Question

when there are sales Rs.24,000, sales return Rs.1500, Gross profit Rs.9000, what will be the cost of goods sold?​

Answer 1

Answer:

Cost of Goods Sold  will be Rs. 13,500

Explanation:

Given :

• Sales = Rs. 24,000
• Sales return =  Rs. 1,500
• Gross profit =  Rs. 9,000

To find :

• Cost of Goods Sold

Solution :

Net Sales = Cost of Goods Sold + Gross Profit

Net Sales = ??

Net Sales = Sales - Sales return

⇒ 24,000 -  1500

⇒ 22,500

Net Sales = Rs. 22,500

Net Sales = Cost of Goods Sold + Gross Profit

Let,

Cost of Goods Sold  = x

So,

⇒ 22,500 = x +  9,000

⇒  x  = 22,500 - 9,000

⇒  x  =  13,500

Cost of Goods Sold  = Rs. 13,500

∴  Cost of Goods Sold  will be Rs. 13,500

Answer 2

Answer:

★ Given

• $\sf{Sales = Rs.24000}$
• $\sf{Sales\: return =  Rs.1,500}$
• $\sf {Gross\: profit =  Rs.9,000}$

  ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

★ To find

• $\sf{Cost\: of \:Goods\: Sold = ?}$

  ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

★ Solution :

Here, sales price of good is ₹ 24000

But also ₹1500 sales return on Selling price

Finding net sales of Good :

So,

${ \red{\leadsto{ \sf \pink{Net \: Sales} = \purple{Sales \: rupee - Sales \: return \: rupee}}}}$

$\red \leadsto\sf \pink{Net \: Sales }= \purple{ 24000 - 1500}$

$\red \leadsto\sf \pink{Net \: Sales} = \purple {22500}$

Net sales of good = ₹22500.

  ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

Now,Let the cost of Goods Sold be 'x' rupee.

Finding of Cost of Goods Sold :

So,

$\red\leadsto \sf \purple{ 22500} = \pink{ x +  9000}$

$\red\leadsto \sf \purple{x}  = \pink{22500 - 9000}$

$\red\leadsto \sf \purple{ x}  = \pink{13500}$

${\Large{\underline{\boxed{\frak{ \purple{x}= \pink{13500}}}}}}$

Cost of Goods Sold  = Rs. 13,500

  ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

★ Therefore

The cost of Goods Sold will be ₹13,500.