Multiple Choice Questions on What is the value of cost of goods sold from the following Net sales Rs 1 00 000 Gross Profit ndash ........... for UPSC EPFO Exam Preparation

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    What is the value of cost of goods sold from the following-
    Net sales- Rs. 1,00,000
    Gross Profit – 33.33% on cost

    Rs. 70,000

    Incorrect Answer

    Rs. 1,50,000

    Incorrect Answer

    Rs. 75000

    Correct Answer

    Rs. 67,000

    Incorrect Answer
    Explanation:
    Net sales- Rs. 1,00,000
    Gross Profit – 33.33% on cost
    133.3% of Cost of goods=1,00,000
    4/3 of Cost of goods =1,00,000
    value of cost of goods sold from the following- Rs. 75000
     

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