Financial Accounting MCQ: If the rate of G/P is 25% of sales and the cost of goods sold is ` 150000, the amount of G/P will be

If the rate of G/P is 25% of sales and the cost of goods sold is ` 150000, the amount of G/P will be

Correct Answer: `50000

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Financial Accounting MCQ: If the rate of G/P is 25% of sales and the cost of goods sold is ` 150000, the amount of G/P will be | Extra Education