{"id":56252,"date":"2024-04-16T00:41:27","date_gmt":"2024-04-16T00:41:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56252"},"modified":"2024-04-16T00:41:27","modified_gmt":"2024-04-16T00:41:27","slug":"if-the-rate-of-gross-profit-is-25-of-the-sales-and-the-cost-of-goods-sold-is-rs-100000-the-amount-of-gross-profit-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-the-rate-of-gross-profit-is-25-of-the-sales-and-the-cost-of-goods-sold-is-rs-100000-the-amount-of-gross-profit-will-be\/","title":{"rendered":"If the rate of gross profit is 25% of the sales and the cost of goods sold is Rs. 1,00,000 the amount of gross profit will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 25,000&#8243; option2=&#8221;Rs. 20,000&#8243; option3=&#8221;Rs. 30,000&#8243; option4=&#8221;Rs. 33,333&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 25,000.<\/p>\n<p>The rate of gross profit is 25% of the sales. This means that for every Rs. 100 of sales, the gross profit is Rs. 25. The cost of goods sold is Rs. 1,00,000. This means that the total cost of the goods sold is Rs. 1,00,000. To calculate the gross profit, we can use the following formula:<\/p>\n<p>Gross profit = sales * rate of gross profit<\/p>\n<p>Gross profit = 1,00,000 * 25\/100<\/p>\n<p>Gross profit = Rs. 25,000<\/p>\n<p>Option B is incorrect because the gross profit is not equal to the cost of goods sold. Option C is incorrect because the gross profit is not equal to the sales. Option D is incorrect because the gross profit is not equal to 33.33% of the sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 25,000&#8243; option2=&#8221;Rs. 20,000&#8243; option3=&#8221;Rs. 30,000&#8243; option4=&#8221;Rs. 33,333&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-56252","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If the rate of gross profit is 25% of the sales and the cost of goods sold is Rs. 1,00,000 the amount of gross profit will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/if-the-rate-of-gross-profit-is-25-of-the-sales-and-the-cost-of-goods-sold-is-rs-100000-the-amount-of-gross-profit-will-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If the rate of gross profit is 25% of the sales and the cost of goods sold is Rs. 1,00,000 the amount of gross profit will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 25,000&#8243; 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