Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. O a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 23E: Thebes Company had the following information: What is the markup based on cost of goods sold? a....
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Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and
Return inwards OMR 10000.
a. OMR 10000
O b. OMR 30000
O c. OMR 20000
O d. OMR 90000
Transcribed Image Text:Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000
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