If the cost of goods sold is Rs. 1,20,000 and gross loss is $${\frac{1}{4}^{{\text{th}}}}$$ of the selling price, then the selling price would be
or
If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?
A. Rs. 90,000
B. Rs. 96,000
C. Rs. 1,20,000
D. Rs. 1,26,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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