1.

Sales are Rs.50,000, gross profit is 20% on sales the gross profit will be ______________.​

Answer»

ANSWER:

SALES × 20%

IE, 50,000× 20/100

= 10,000

hence, Gross PROFIT is ₹ 10,000 and COGS(cost of GOODS sold) will be ₹ 40,000



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