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Net Sales for the year ended 31st March,...

Net Sales for the year ended 31st March, 2019 is Rs 9,00,000. If Gross Profit is 30% on Sales, find Cost of Goods Sold

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Gross Profit `= Rs 9,00,000 xx 30//100 = Rs 2,70,000`
Cost of Goods Sold `= Rs 9,00,000 - Rs 2,70,000 = Rs 6,30,000`
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