Answered

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Akshay purchased goods costing ₹5,00,000 and sold at 20% profit on cost. Calculate the selling price of goods.​

Sagot :

Answer:

the selling price of the goods is ₹6,00,000

Step-by-step explanation:

The computation of the selling price of the goods are shown below:

As we know that

Selling price = Cost price + profit

= 5,00,000 + 5,00,000 × 0.20

= 5,00,000 + 1,00,000

= ₹6,00,000

Hence, the selling price of the goods is ₹6,00,000

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