Net profit. Question no 47

Accountancy

What are the steps used to find the answer.

GOKUL KRISHNA A G

CA Inter

★ 0

22-Jan-22 18:56

538

Answers (1)

25% profit on sales means 33.33% on COGS. which implies 20,000 is GP. Sales will be 80,000. So, net profit will be 10% of 80,000 i.e. 8,000

Sahibdeep Singh

CA Inter

★ 14K+

24-Jan-22 11:55