Question

. Calculate Gross Profit Ratio from the following figures :-
Cash Revenue from Operations 4,20,000; Credit Revenue from Operations
6,00,000; Revenue from Operations Returns (Sales Returns) 20,000; Cost of
Revenue from Operations 7,50,000.​

Answer 1

Explanation:

Gross profit = Cash Revenue from Operations (4,20,000) + Credit Revenue from Operations

(6,00,000) - Revenue from Operations Returns (Sales Returns) (20,000) - Cost of

Revenue from Operations (7,50,000.)

Gross profit = 250000

Gross profit ratio = Gross profit (250000)/ revenue from opeeation(420000+600000-20000)*100

Gross profit ratio= 25%