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Commerce · Q770

Accounting

Graduate and Post Graduate · Commerce · question 770

Q770

If the cost of goods sold is Rs. 1,20,000 and gross loss is 1/4^ th of the selling price, then the selling price would be or If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?

If the cost of goods sold is Rs. 1,20,000 and gross loss is of the selling price, then the selling price would be
or
If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?
A.
Rs. 90,000
B.
Rs. 96,000
Answer
C.
Rs. 1,20,000
D.
Rs. 1,26,000

Answer: Option B

Solution

Answer: Option B
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