Multiple Choice Questions on Total cost of product is Rs 20 000 Profit 25 on selling price Profit will be ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Total cost of product is Rs 20 000 Profit 25 on selling price Profit will be ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    Total cost of product is Rs. 20,000/-

    Profit 25% on selling price

    Profit will be:

    Rs. 5000/-

    Incorrect Answer

    Rs. 4,000/-

    Incorrect Answer

    Rs. 6666.67

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    25/100 on sales = 25/75 on cost. So, in above problem 20,000 (x) 25/75 =6666.67

    By: Vikas Goyal
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