Help Please A/cs

Ans given is 240,000

sales                             1020000

less damage goods   20000

so net sale = 1000000

GP 20% on cost so GP on sale of normal goods= 250000

less loss on abnormal goods(30000-20000)     =   10000

so final GP = 240000

Originally posted by : Mr. Jha Originally posted by : Vijay Manwani sales                             1020000 less damage goods   20000 so net sale = 1000000 GP 20% on cost so GP on sale of normal goods= 250000 less loss on abnormal goods(30000-20000)     =   10000 so final GP = 240000 ANSWER PAR MAT JAO APNI AKAL LAGAO. . . . . . . . .

I misunderstood with 20% on cost as 25% on sale instead of 16.67% on sale

& Mr. Jha this can happen to anyone u better mind ur languagge

Question given in mtp is wrong 

Answer is 156667

ANSWER IS 156667 AND NOT 240000.

gross profit  = 156667 {(1000000/6)-10000}