IPCC
110 Points
Joined February 2011
Hi,
Please help me with below query
Mr. Prakash sells goods at 20% above cost. His sales were Rs. 10,20,000 during the year. However, he sold damaged goods for Rs. 20,000 costing Rs. 30,000. This sale is included in Rs. 10,20,000. The amount of gross profit is :