Ifa trader rsquo s sales amount to 18000 and his gross profit and net profit are 60 and 40 of sales ...........

Quantitative Aptitude (Pb Patwari) Accountancy

Ifa trader’s sales amount to 18000 and his gross profit and net profit are 60% and 40% of sales respectively , which one of the following are his expenses if there is no indirect income?

Rs.7,200

Rs.2,500

Rs.3,600

Rs.6,480

Explanation:

Ifa trader’s sales amount to 18000 and his gross profit and net profit are 60% and 40% of sales respectively
his expenses=60-40=20%
=> 20/100 x 18000=3600 Rs