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Commerce · Q2829

Accounting

Graduate and Post Graduate · Commerce · question 2829

Q2829

If the cost of goods sold is Rs. 1,20,000 and the rate of gross loss is 1/4 on sales, the amount of sales is:

If the cost of goods sold is Rs. 1,20,000 and the rate of gross loss is on sales, the amount of sales is:
A.
Rs. 1,20,000
B.
Rs. 90,000
C.
Rs. 80,000
Answer
D.
Rs. 96,000

Answer: Option C

Solution

Answer: Option C
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