Back to Questions
SSC Financial and Cost Accounting P-1 QUESTION #9638
Question 1
A business sells goods at a markup of 25% on cost. If Cost of Goods Sold is Rs. 80,000, what are the Sales?
  • Rs. 100,000✔️
  • Rs. 96,000
  • Rs. 60,000
  • Rs. 64,000
Correct Answer Explanation
Markup is on cost. If cost = 100%, selling price = 125%. Sales = 80,000 × 125/100 = Rs. 100,000. This is a direct application of the markup rate formula: GP/COGS × 100.