20% on cost so 25% on profie... Agree ?

Normal Goods 10,00,000/-.

Gross Profit = 10,00,000 * 25% = 250,000/-.

less : Loss on damaged Goods = (10,000)

Net G.P.                                              240,000

If i am not wrong answer should be 1,56,667.

On 10lacs he will earn profit of Rs. 1,66,667 and on sale of goods costing rs 30000 sold at 20000 will incurr loss of rs 10000.

Therfore my profit will be 1,66,667 - 10,000 = 1,56,667.

20% on cost is 16.66% on sales.

Hey shubham are you sure answer is 2,40,000?

And what according to you should be the answer?

Ya i also think 2,40,000 is the wrong answer. Then to confirm with some professor if u go to classes.

Originally posted by : Mehul Gada
	If i am not wrong answer should be 1,56,667. On 10lacs he will earn profit of Rs. 1,66,667 and on sale of goods costing rs 30000 sold at 20000 will incurr loss of rs 10000. Therfore my profit will be 1,66,667 - 10,000 = 1,56,667.

This is correct.
 

Originally posted by : Bhargav Nathwani
	20% on cost so 25% on profie... Agree ? Normal Goods 10,00,000/-. Gross Profit = 10,00,000 * 25% = 250,000/-. less : Loss on damaged Goods = (10,000) Net G.P.                                              240,000

Profit % on sales will be lower than the cost..

If 20% on cost then it will be 16.6666% on sales.

alok,

Iam sorry  .u r correct.thanks for the correction