# Pracise Assesment 1 Task 6, HELP!

Registered Posts: 3
Can anyone please help me with this question? I managed to get the COS to be 1825000 through doing (225000*365)/45 but now I am stuck. Is there an easy way round this or am i over complicating it?

• AATQB, AAT Licensed Bookkeeper Posts: 122
Hopefully this helps

You have calculated Cost of sales correctly so COS must be 80% which means Sales will be the 100%
You can then calculate gross profit and verify your figure by taking COS from your calculated sales
Selling Costs and Admin costs are easy calculations just watch your rounding

I have included basic calculations next to each line so hope you find this useful
• Registered Posts: 3
Thankyou so much @Krisso

i was looking online at another post and this is how they calculated it, wtf!

To calculate Sales:

GP% = GP/Sales
GP%= (Sales - costs of sales)/sales

20%=( sales - £1,825,000)/sales
1/5 sales = sales - costs of sales
sales - 1/5 sales = costs of sales
5/5 sales - 1/5sales = CoS
4/5 sales = CoS
4/5 sales = £1,825,000
Sales= £1,825,000*5/4
sales = £2,281,250

your way is so much easier and im kicking myself for not noticing haha, was there an easier way to calculate COS compared to the way i did it?

• AATQB, AAT Licensed Bookkeeper Posts: 122
I calculate COS the same way