From the following information obtained from the books of Kamal Ltd., Calculate (i) Gross Profit Ratio and (iii) Net Profit Ratio:
From the following information obtained from the books of Kamal Ltd., Calculate (i) Gross Profit Ratio and (iii) Net Profit Ratio:
[Ans.: (i) Gross Profit Ratio = 45.20%; (ii) Net Profit Ratio = 33.20%.]
| Revenue from Operations | 2,50,000 |
| Purchases | 1,05,000 |
| Carriage Inwards | 4,000 |
| Salaries | 30,000 |
| Decrease in Inventory | 15,000 |
| Return Outwards | 5,000 |
| Wages | 18,000 |
Anurag Pathak Changed status to publish August 15, 2023
