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    harpicker Posts: 1, Reputation: 1
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    #1

    Mar 12, 2011, 09:45 AM
    accounting equation.
    Goods costing rs.75000 sold at a profit of 33 1/3%. Half the payment received in cash.
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    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 12, 2011, 11:52 AM

    Cost of Goods Sold * (100% +33 1/3%) / 2 = Cash amount received.
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