What is the formula to arrive at invoice price from cost price?
Nidhi S
CA Inter
★ 4K+
28-May-23 23:38
509
Answers (4)
There is a general farmula cost +profit=selling price to arrive at inv price from cost price
Cost +profit you will get inv pirce
Balachandar S
CA Inter
★ 59K+
29-May-23 07:12
If % is given on cost, assume cost as 100. And say 20% profit on cost. So profit is 20 and selling price is 120.
If % is given on sales, assume sales as 100. Say 20% profit on sales. So Sales = 100, Profit = 20 and cost = 80
