Question

Calculate gross profit ratio if gross sales 3,20,000/-, cost of net goods sold is Rs.2,25,000/- and Return inward Rs.20,000/​

Answer 1

Answer:

The formula for calculating the gross profit ratio is: gross profit divided by net sales x 100. The gross profit is the cost of goods sold minus the total net sales figure.

Answer 2

Given: gross sales of 3,20,000/-, the cost of net goods sold is Rs.2,25,000/- and Return inward Rs.20,000/.

To Find: gross profit ratio

Solution:

The gross profit ratio is 0.25 per cent

Gross margin is the difference between revenue and cost of goods sold, divided by revenue.

The gross margin is expressed as a percentage.

revenue= 3,20,000- 20,000= 3,00,000

therefore, Gross profit ratio=  revenue- cost of goods sold/  revenue

=3,00,000- 2,25,000/ 3,00,000

= 75,000/3,00,000

=0.25 percent.

Therefore, the gross profit ratio is 0.25 per cent.

#SPJ2