EPFO 2017 English Medium Solved Paper

Question : 66 of 121

Marks: +1, -0

Consider the following information.
Rate of gross profit-25% on cost of goods sold Sale Rs.20,00,000 Which one of the following is the amount of gross profit?

Rs.5,00,00
Rs.6, 25. 000
Rs.3,75,000
Rs.4, 00,000

Validate

Solution:

Calculate of gross profit

\Sale = 2000000

\Cost={2000000×100}/125

=1600000

\Gross \Profit = \Sale - \Cost

=2000000-1600000=400000

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