6
Question
If the cost of goods sold is Rs. 1,20,000 and the rate of gross loss is 1/4 on sales, the amount of sales is equal to _________.
If the cost of goods sold is Rs. 1,20,000 and the rate of gross loss is 1/4 on sales, the amount of sales is equal to _________.
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Solution
The correct option is D Rs. 90,000
Cost of goods sales is =1,20,000
gross loss= 1/4
the amount of sales = 1,20,000 x 1/4
= 30,000 = 1,20,000 - 30,000= 90,000
Cost of goods sales is =1,20,000
gross loss= 1/4
the amount of sales = 1,20,000 x 1/4
= 30,000
= 1,20,000 - 30,000
= 90,000
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