2 years ago in Profit & Loss

# The accountants of a company show sales of Rs. 12,600. The primary cost is 35% of sales and trading cost accounts for 25% of the gross profit. Gross profit is arrived at by excluding the primary cost plus the cost of advertising expenses of Rs. 1400, director's salary of Rs. 650 per annum plus 2% annual sales as miscellaneous costs. Find the percentage profit (approx) on a capital investment of Rs. 14,000?

[A] 35%
[B] 31%
[C] 28%
[D] 26%
[E] Cannot be determined

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Rishi sharma - 1 year ago

Rishi sharma from New Delhi, India is saying 31% is correct answer

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