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sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b
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sales is rs 10000 and rate of gross profit on cost of goods sold is 25...
Calculation of Cost of Goods Sold
To calculate the cost of goods sold, we need to use the following formula:
Cost of Goods Sold = Sales - Gross Profit
Calculation of Gross Profit
To calculate the gross profit, we need to know the rate of gross profit on cost of goods sold. This rate is given as 25%. We can use the following formula to calculate the gross profit:
Gross Profit = Cost of Goods Sold x Gross Profit Rate
Calculation of Cost of Goods Sold using Gross Profit Rate
Now we can use the gross profit rate to calculate the cost of goods sold using the following formula:
Cost of Goods Sold = Sales - (Sales x Gross Profit Rate)
In this case, the sales are Rs 10,000 and the gross profit rate is 25%.
Cost of Goods Sold = 10,000 - (10,000 x 0.25)
Cost of Goods Sold = 10,000 - 2,500
Cost of Goods Sold = 7,500
Therefore, the cost of goods sold is Rs 7,500.
To calculate the cost of goods sold, we need to use the following formula:
Cost of Goods Sold = Sales - Gross Profit
Calculation of Gross Profit
To calculate the gross profit, we need to know the rate of gross profit on cost of goods sold. This rate is given as 25%. We can use the following formula to calculate the gross profit:
Gross Profit = Cost of Goods Sold x Gross Profit Rate
Calculation of Cost of Goods Sold using Gross Profit Rate
Now we can use the gross profit rate to calculate the cost of goods sold using the following formula:
Cost of Goods Sold = Sales - (Sales x Gross Profit Rate)
In this case, the sales are Rs 10,000 and the gross profit rate is 25%.
Cost of Goods Sold = 10,000 - (10,000 x 0.25)
Cost of Goods Sold = 10,000 - 2,500
Cost of Goods Sold = 7,500
Therefore, the cost of goods sold is Rs 7,500.
Community Answer
sales is rs 10000 and rate of gross profit on cost of goods sold is 25...
let,cost=100then,profit=25and sales will be 100+25=125therefore,cost of goods sold=10000/125*100=8000
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sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b
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sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b.
sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for sales is rs 10000 and rate of gross profit on cost of goods sold is 25% then the cost of goods sold will b.
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