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Calculate Gross Profit Ratio from the following data: Cash Sales are 20% of Total Sales; Credit Sales are ₹ 5,00,000

Anurag Pathak
August 15, 2023
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Anurag Pathak27.13K August 15, 2023 0 Comments

Calculate Gross Profit Ratio from the following data:

Cash Sales are 20% of Total Sales; Credit Sales are ₹ 5,00,000; Purchases are ₹ 4,00,000; Excess of Closing Inventory over Opening Inventory ₹ 25,000.

[Ans.: Gross Profit Ratio = 40%.]

Anurag Pathak Changed status to publish August 15, 2023

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Anurag Pathak27.13K Posted August 15, 2023 0 Comments

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