Numerical - Gross profit for given sales, cost & sales return

Q.  What will be the Gross Profit if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and sales return is Rs 10,000?
- Published on 09 Sep 15

a. 13%
b. 28%
c. 26%
d. 20%

ANSWER: 20%

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    Discussion

  • Anuj Nautiyal   -Posted on 25 Mar 19
    Net sales= 2,60,000-10,000
    = 2,50,000
    Gross profit= (Net sales - cost of net goods sold)
    Gross profit = 2,50,000-2,00,000
    = 50,000
    Then,
    Gross profit ratio= Gross profit/net sales*100
    = 50,000/2,50,000*100
    = 20%

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