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Calculate Sal...

Question

Calculate Sales:

Cost of goods sold ₹ 2,00,000

Rate of Gross Profit 20% on Sales

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Solution

Rate of Gross Profit on Sale = 1/5
Rate of Gross Profit on Cost = 1/4
Gross Profit = ₹ 50,000 (1/4 of 2,00,000)
Sales = Cost of Goods Sold + Gross Profit
Sales = 2,00,000 + 50,000 = ₹ 2,50,000

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