GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 16

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16. What will be the Gross Profit if, total sales is Rs. 2,60,000. Cost of net goods sold is Rs. 2,00,000 and Sales return is Rs. 10,000? []

  1. (a) 13%
  2. (b) 28%
  3. (c) 26%
  4. (d) 20%

Correct Answer: (d) 20%

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