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If the COGS for a product is RS 120 and the gross profit is RS 80, what is the selling price?
  1. Rs 160
  2. Rs 200
  3. Rs 240
  4. RS 280
Explanation

To determine the selling price, we can use the formula:

Selling Price = Cost of Goods Sold (COGS) + Gross Profit

In this case,

the COGS is RS 120

and the gross profit is RS 80.

So, the selling price would be:

Selling Price = RS 120 + RS 80

Selling Price = RS 200

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