The sales revenue of the company is OMR 10,000. Discount on sales given by the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The sales revenue of the company is OMR 10,000. Discount on sales given by the company is OMR 250. During the year, goods of OMR 750 were return by the customers. Cost of goods sold is 80 % of net sales.
Calculate the value of net sales:
Find out the value of gross profit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
