Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what…

Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what is the gross profit?

net profit = 0.1 x 12500 = 1250

gross profit = sales – cogs

net profit = gross profit – expenses

1250 + 2500

Correct Answer: Option C

Explanation

net profit = 0.1 x 12500 = 1250

net profit = gross profit – expenses

Therefore; net profit + expenses = gross profit

1250 + 2500 = 3750