Math Is Fun Forum

maya007

Member

Registered: 2011-08-19

Posts: 1

profit and loss

hi all

Can any one help me solve this??

The profit and loss statement for the financial year of a company shows a sale of Rs 15200. The primary cost is 25% of sales and leading costs account for 20% of the gross profit. The gross profit is determined by deducting the primary cost plus the cost of miscellaneous expenses of Rs 1200. The managing director's salary of Rs 500 per annum plus 2% of annual sales is a minimum cost. What is the per cent profit on a capital investment of Rs 20000?

Thank you.