Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

A: 1,600

B: 1,500

C: 1,000

D: 1,800

Check Correct Option

1,500

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1 thought on “Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?”

Taimoor
October 13, 2021 at 9:29 pm

There seems to be an error.

Cogs + profit = 2000
(100%+25%) Cogs = 2000
Cogs = 2000/125%
Cogs = 1600

Reply

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Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

1 thought on “Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?”

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