MCQOPTIONS
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| 1. |
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 |
| Answer» C. 28% | |