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  • If G.P. is 30% of cost and sales are Rs. 6,500, then COGS...
Multiple choice

If G.P. is 30% of cost and sales are Rs. 6,500, then COGS will be

  1. Rs. 8,450

  2. Rs. 4,550

  3. Rs. 8,000

  4. Rs. 5,000

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Profit = 30/130 of 6500 = 1500. Thus, COGS = Sales - G.P. = Rs. 5,000 If you calculate 6500 + 1950 = Rs. 8450,             6500 - 1950 = Rs. 4550,             6500 + 1500 = Rs. 8000 are incorrect answers.

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