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Help needed (confused)

SUMIT GURURANI (STUDENT) (596 Points)

18 February 2018

Hi , I costing , can anyone explain the relation between sales and cost?

Suppose 1/10 of sales =1/9 of cost . How?

25 percent of sales = 20 percent of cost. How?

I am confused

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9 Replies

Vaishali chandrakant shivdas (Student) (124 Points)
Replied 18 February 2018

suppose
sales 100
-cost. 90
profit 10

so profit is 1/10 of sales and 1/9 of cost

sales 100
profit is 20
so cost become 80
profit is 1/5 of sales I.e. 20% of sales and 80* 25% I.e 1/4 of cost

praveen (article assistant) (38 Points)
Replied 18 February 2018

say..your product cost is Rs.90 and profit is..Rs.10
and your sales became 100.

profit is ....1/10 th on sales(100)= Rs.10
or 1/9 th on cost (90) = Rs.10

so that, 1/10 th on sales =1/9th on cost.

Sahil Kathuria (Ca ipcc student) (141 Points)
Replied 18 February 2018

profit ka element hota hai sales me

Vaishali chandrakant shivdas (Student) (124 Points)
Replied 18 February 2018

yap
otherwise kon loss me sale karega

Vaishali chandrakant shivdas (Student) (124 Points)
Replied 18 February 2018

I hope u understood

rakesh bafna (89 Points)
Replied 19 February 2018

while filling GSTR1B I made a mistake in putting my sales figure of November & December the mistake i did is that figure of December is put in november GSTR1B and figure of november i put in December GSTR 1B .