Advance Accounting MCQ: IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..

IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..

Correct Answer: Rs. 80000

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Advance Accounting MCQ: IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ……….. | Extra Education