Question

Calculate gross profit ratio if gross profit is
Rs 60000 and sales is Rs 100000
Answer:
1. 20 percent
2. 60 percent
3. 40 percent
4. 30 percent​

Answer 1

Answer:

2). 60 percent (60 %)

Gross profit ratio is 60 %

Explanation:

Given :

Gross profit = Rs 60,000

Net sales = Rs 1,00,000

To find :

Calculate Gross profit ratio

Solution :

★ Gross profit ratio = $\frac{Gross \: Profit}{Net \: Sales} \times 100$

⇒ $\frac{60,000}{1,00,000}\times100$

⇒ $0.6 \times 100$

⇒ $60\%$

Therefore,

2). 60 percent (60 %)

Gross profit ratio is 60 %

Answer 2

${\bold{\underline{\sf{Question}}}}$

Calculate gross profit ratio if gross profit is Rs 60000 and sales is Rs 100000

➝ 20 percent

➝ 60 percent

➝ 40 percent

➝ 30 ppercent

${\bold{\underline{\sf{Given \: that}}}}$

✠ ${\bold{\sf{Gross \: profit \: = \: Rupees \: 60,000}}}$

✠ ${\bold{\sf{Sales \: = \: Rupees \: 1,00,000}}}$

${\bold{\underline{\sf{To \: find}}}}$

✠ ${\bold{\sf{Gross \: profit \: ratio}}}$

${\bold{\underline{\sf{Solution}}}}$

✠ ${\bold{\sf{Gross \: profit \: ratio \: = \: Rupees \: 60 \: \%}}}$

${\bold{\sf{Hence, \: option \: 2 \: is \: correct \: answer}}}$

${\bold{\underline{\sf{Understanding \: the \: question}}}}$

This question says that we have to find the gross profit ratio and the gross profit and sales are given as Rupees 60000 and 100000 respectively.

${\bold{\underline{\sf{Using \: concept}}}}$

✠ ${\bold{\sf{Gross \: profit \: ratio}}}$

${\bold{\underline{\sf{Using \: formula}}}}$

✠ ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: \dfrac{gross \: profit}{net \: sales} \times 100}}}}$

${\bold{\underline{\sf{Procedure}}}}$

To solve this problem we have to use the formula to find gross profit ratio that is ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: \dfrac{gross \: profit}{net \: sales} \times 100}}}}$ Using this rule we have to put the values and we get our final result easily.

${\bold{\underline{\sf{Full \: solution}}}}$

↦ ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: \dfrac{60,000}{100000} \times 100}}}}$

↦ ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: \dfrac{6}{10} \times 100}}}}$

↦ ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: 6 \times 10}}}}$

↦ ${\bold{\small{\bf{Gross \: profit \: ratio \: = \: 60 \: percentage}}}}$

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