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      Question

      Read the below information and answer the question:

      Goods are sold at a profit of 30% on cost. Calculate 'Revenue from operations'. 
      A ₹ 24,20,000 Correct Answer Incorrect Answer
      B ₹ 18,20,000 Correct Answer Incorrect Answer
      C ₹ 17,94,000 Correct Answer Incorrect Answer
      D ₹ 20,84,000 Correct Answer Incorrect Answer
      E ₹ 22,48,000 Correct Answer Incorrect Answer

      Solution

      COGS = Op Stock + Purchases + Direct Exp – Closing Stock 200000+1400000-220000 = 1380000 profit is given as 30% on cost Revenue = COGS + 30% = 1380000 + 30% = 17,94,000

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