From the following information, Calculate Gross Profit Ratio: Credit Sales ₹ 10,00,000 Purchases ₹ 6,00,000 Carriage Inwards ₹ 20,000
From the following information, Calculate Gross Profit Ratio:
[Ans.: Gross Profit Ratio = 42.4%.]
| Credit Sales | ₹ 10,00,000 |
| Purchases | ₹ 6,00,000 |
| Carriage Inwards | ₹ 20,000 |
| Decrease in Inventory | ₹ 20,000 |
| Returns Outward | ₹ 20,000 |
| Wages | ₹ 1,00,000 |
| Rate of Credit Sale to Cash Sale | 4 : 1 |
Anurag Pathak Changed status to publish August 15, 2023
