Calculating the Selling Price
To calculate the selling price, we need to add the profit percentage to the cost price. In this case, the cost of goods is 50000 and the profit percentage is 25%. Therefore, the selling price can be calculated as follows:
Selling price = Cost price + Profit
Selling price = 50000 + 25% of 50000
Selling price = 50000 + 12500
Selling price = 62500

Amount Received in Cash
Out of the total selling price of 62500, the amount received in cash is 27500. This means that the remaining amount will be received through other modes of payment such as credit or cheque.

Calculating the Profit
To calculate the profit, we need to subtract the cost price from the selling price. In this case, the selling price is 62500 and the cost price is 50000. Therefore, the profit can be calculated as follows:
Profit = Selling price - Cost price
Profit = 62500 - 50000
Profit = 12500

Conclusion
In conclusion, the goods costing 50000 were sold at a profit of 25%. The selling price was 62500, out of which 27500 was received in cash. The profit earned was 12500.

Cash a/c dr.27500Debtors a/c dr. 35000 To sales a/c 50000 To profit on sales a/c 12500