Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit is
  • a)
    Rs. 1,90,000
  • b)
    Rs.2,50,000
  • c)
    Rs.2,40,000
  • d)
    Rs.2,00,000
Correct answer is option 'C'. Can you explain this answer?

CA Foundation Question

Can you answer this question?

People are searching for an answer to this question.
This discussion on Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Prakash sells goods at 25% on sales. His sales were Rs.10,20,000 during the year. However, he sold damaged goods for Rs.20,000 costing Rs.30,000. This sale is included in Rs.10,20,000.The amount of gross profit isa)Rs. 1,90,000b)Rs.2,50,000c)Rs.2,40,000d)Rs.2,00,000Correct answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.