Question

Calculate Gross profit ratio from the
following information :
Sales *18,20,700; Sales-return 35,700;
Opening stock * 2,49,900; Purchases
* 10,71,000; Purchase expenses 53,550;
Closing stock 2,85,600.​

Answer 1

Answer:

in debit:

1. opening stock = 249900
2. purchase 10,71,000

less: purchas expenses 53,550

________ 53,550

_____464,100_____

in credit

1. sales = 1820700

less: sales returns 35700

_______

178500

2. closing stock= 2,85,600

_____464,100______

answer is gross profit: 160,650