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.
CUET UG 2022 — Accountancy Financial Statements
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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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.