GP is 20 percent of cost, so Sales = 120 percent of cost.
Cost = 1.201,20,000=1,00,000.
Gross Profit = 1,20,000 minus 1,00,000 = Rs. 20,000.
If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be :
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Rs. 24,000
Rs. 48,000
Rs. 20,000
Rs. 40,000
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Work through every CUET UG Financial Statements PYQ, year by year.