If the COGS for a product is RS 120 and the gross profit is RS 80, what is the selling price?
- Rs 160
- Rs 200
- Rs 240
- RS 280
Explanation
To determine the selling price, we can use the formula:
Selling Price = Cost of Goods Sold (COGS) + Gross Profit
In this case,
the COGS is RS 120
and the gross profit is RS 80.
So, the selling price would be:
Selling Price = RS 120 + RS 80
Selling Price = RS 200
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