CA CPT Model Test Paper 1 with solutions for online practice

Question : 19 of 201

Marks: +1, -0

Mr 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: