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Sales during the year is Rs 1,00,000, gross profits is 25% on cost. Find out the amount of gross profit.
a. Rs 20,000
b. Rs 25,000
c. Rs 30,000
d. Rs 35,000
Ans - a
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Calculate sales if cost of sales is Rs 1,60,000 and the gross loss is Rs 68,000.
a. Rs 2,28,000
b. Rs 92,000
c. Rs 2,52,00
d. RS 1,42,000
Ans - b
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Find out net profit from the following figures. Cash sale = Rs. 70,000, Credit sales = Rs. 80,000, Cost of goods = Rs. 1,04,000 Selling expenses = Rs. 13,400
a. Rs 34,000
b. Rs 24,000
c. Rs 32,600
d. RS 46,000
Ans - c
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What will be the capital of the proprietor if his/her assets are Rs. 1,90,00 and liabilities Rs. 1,25,000
a. Rs 55,000
b. Rs 65,000
c. RS 75,000
d. Rs 1,90,000
Ans - b
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Merchandise costs - Rs. 250000, Gross Profit - Rs. 23000, Net Profit - Rs. 15000. Find the amount of sales.
a. 227000
b. 235000
c. 265000
d. 273000
Ans - d
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Sales - Rs. 90000, Gross profit - Rs. 30000, Net Profit - Rs. 18000. Find Operating expenses.
a. 12000
b. 18000
c. 42000
d. 60000
Ans - a
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Credit sale of Rs. 50000 to Anand wrongly debited to Ramesh's account. Trial balance Crebit side presently shows a total of Rs. 2458650. Actually it should be ......
a. 2408650
b. 2508650
c. 2458650
d. None of the above
Ans - c
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Find out net profit from the following figures. Cash sale = Rs. 70,000, Credit sales = Rs. 80,000, Cost of goods = Rs. 1,04,000 Selling expenses = Rs. 13,400
a. Rs 34,000
b. Rs 24,000
c. Rs 32,600
d. RS 46,000
Ans - c
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A company had selling price per unit of Rs.100. Its Break even point units are 2000. If variable cost is Rs.60, what is the fixed cost?
a. Rs. 50000
b. Rs. 60000
c. Rs. 70000
d. Rs. 80000
Ans - d
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