alleryStart learning →Sales are Rs 500,000 and last year's margin was 30%. Estimated gross profit?
ARs 30,000
BRs 166,667
CRs 150,000
DRs 350,000
Answer & Solution
Correct answer: C. Rs 150,000
Current sales times the earlier margin gives 500,000 times 30 percent, which is Rs 150,000.
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