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Vijay Sharma

· started a discussion

· 1 Months ago

What does soles mean??

Question:

The accounts of a company show soles of Rs.12600. The primary cost is 35% of sales and trading cost accounts for 25% of the gross profit. Gross profit is arrived at by excluding the primary cost plus the cost of advertising expenses of Rs.1400, director’s salary of Rs.650 per annum plus 2% of annual sales as miscellaneous costs. Find the percentage profit (appox) on a capital investment of Rs.14000.

Options:
A)

35%

B)

31%

C)

28%

D)

Cannot determined

Solution:

Ans: (b)

  

SUI GENERIS

· commented

· 1 Months ago

It's SALES

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