What will be the cost of revenue from operations if Revenue from Operations is ₹9,00,000, Gross Profit is 25% on sales, and Operating Expenses are ₹90,000?
Answer & explanation
Correct answer: option 1
Cost of revenue from operations = Net revenue from operations - Gross profit
= 900000 - 25% of 900000
= 900000 - 225000
= ₹675000