MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Organisational Objectives

Sales - Cost ...

Question

Sales - Cost of goods sold = ______________.

A

Gross Profit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Gross Loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Net Profit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Net Loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Gross Profit
Gross Profit is referred as the profit generated out of the core trading activity of the business.
This can be calculated as:

Sales - Cost of goods sold = Gross Profit

Cost of goods sold= Opening Stock + Purchases - Closing Stock

Suggest Corrections

thumbs-up

0

Similar questions

Q. A & B enter into a joint venture sharing profit & losses in the ratio of

2 : 1

. A purchased goods costing Rs

2, 00, 000

. B sold the goods for

R s .2, 50, 000

. A is entitled to get

1 %

commission on purchase and B is entitled to get

5 %

commission on sales. The profit on venture will be :

Q. Revenue from Operations, i.e., Net Sales ₹ 8,20,000; Return ₹ 10,000; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 5,20,000; Operating Expenses ₹ 2,09,000; Interest on Debentures ₹ 40,500; Gain (Profit) on Sale of a Fixed Asset ₹ 81,000. Calculate Net Profit Ratio.

Q. A wholesale dealer sold his goods to a retail dealer at a profit of

12 \frac{1}{2}

%

. The retail dealer gained

20 %

by selling the goods for Rs.

3240

. The cost price of the whole sale dealer was

Q. Cost of goods sold- Rs. 13,300, Gross Profit - Rs. 3,200, Net profit - Rs. 700, what is the amount of sales?

Net sales during the year 2016 is Rs. 3,00,000, gross profit is 25% on cost. Find out gross profit and cost of goods sold.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Organisational Objectives

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Organisational Objectives

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon