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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 6 Chapter 15 – Class 11 Unimax
Net sales for the year ended 31st March,2020 is ₹ 9,00,000. If gross profit is 30% on sales, Find cost of goods sold.
Gross profit =₹ 9,00,000*30/100=₹ 2,70,000
Cost of goods sold=₹ 9,00,000-₹2,70,000=₹6,30,000.
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 6 Chapter 15 – Class 11 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 15 - Financial Statements (Without Adjustments) - Unimax.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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