What will be the revenue from operations if the cost of goods sold is ₹640000 and the gross profit is 20% on sales?

₹600000 ₹64000 ₹800000 ₹850000

₹800000

The correct answer is option 3 i.e. ₹800000. Sales include profit of 20% on sales. If cost is ₹80 then sales= ₹100 So, revenue from operations = 100/80 X640000                                           = ₹800000