Determining the cost of goods sold


If sales returns are Rs. 25,000, sales are Rs. 125,000. Net purchases are Rs. 84,000 and gross profit is Rs. 21,000, then the cost of goods sold will be:

A. Rs. 84,000

B. Rs. 64,000

C. Rs. 92,000

D. Rs. 79,000

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Finance Basics: Determining the cost of goods sold
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