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Commerce · Q2828

Accounting

Graduate and Post Graduate · Commerce · question 2828

Q2828

If the rate of gross profit on sales is 25% and the cost of goods sold is Rs. 75,000, then the amount of total sales will be:

A.
Rs. 1,00,000
Answer
B.
Rs. 93,750
C.
Rs. 92,150
D.
Cannot be known

Answer: Option A

Solution

Answer: Option A
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