Sales - Rs. $1, 60, 000$ , Returns Inwards - Rs. $10, 000$ , Gross Profit - Rs. $60, 000$ and Returns outwards - Rs. $15, 000$ . The cost of goods sold is:

Rs.

60, 000

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Rs.

70, 000

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Rs.

80, 000

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Rs.

90, 000

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Solution

The correct option is D Rs. $90, 000$
Cost of goods sold :
= Sales - ( Returns Inwards + Gross Profit )
= Rs. $1, 60, 000$ - (Rs. $10, 000$ + Rs. $60, 000$ )
= Rs. $90, 000$

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Sales - Rs.1,60,000, Returns Inwards - Rs. 10,000, Gross Profit - Rs. 60,000 and Returns outwards - Rs. 15,000. The cost of goods sold is:

The correct option is D Rs. 90,000Cost of goods sold := Sales - ( Returns Inwards + Gross Profit )= Rs. 1,60,000 - (Rs. 10,000 + Rs. 60,000)= Rs. 90,000

Sales - Rs. $1, 60, 000$ , Returns Inwards - Rs. $10, 000$ , Gross Profit - Rs. $60, 000$ and Returns outwards - Rs. $15, 000$ . The cost of goods sold is:

The correct option is D Rs. $90, 000$
Cost of goods sold :
= Sales - ( Returns Inwards + Gross Profit )
= Rs. $1, 60, 000$ - (Rs. $10, 000$ + Rs. $60, 000$ )
= Rs. $90, 000$