alleryStart learning →Sales of Rs 3,60,000 include a 20% markup on cost. What is the gross profit?
ARs 72,000
BRs 60,000
CRs 54,000
DRs 48,000
Answer & Solution
Correct answer: B. Rs 60,000
Cost = 3,60,000/1.2 = 3,00,000, so gross profit = 60,000.
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