Question

A company has the purchase of Rs. 90,000, the purchase expenses of Rs. 15,000, the changes in

stock (Rs. 15,000) and sales of Rs. 1,50,000. Determine the gross profit ratio.

(a) 40% (b) 13.33% (c) 20% (d) None of the given​

Answer 1

Answer:

cost of goods sold = 90000+15000-15000=90000

gross profit = sale- cost

= 150000-90000=60000

gross profit ratio = gross profit/net sales ×100

= 60000/90000×100=66.66℅

nine of the given is the answer