Question

Consider the following information :

Rate of gross profit-25% on cost of goods sold

Sales - ₹ 20,00,000

Which one of the following is the amount of gross profit?

A ₹ 5,00,000 Correct Answer Incorrect Answer
B ₹ 6,25,000 Correct Answer Incorrect Answer
C ₹ 3,75,000 Correct Answer Incorrect Answer
D ₹ 4,00,000 Correct Answer Incorrect Answer

Solution

The correct answer is D

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