Question

From the following information find out gross profit ratio sales is ₹600000 and gross profit is ₹135000

Answer 1

gp ratio

=gp/sales ×100

=135/600×100

=22.5%

Answer 2

29.033 %

Explanation:

Given:

Sales = rs 6,00,000

Gross profit = 1,35,000

Gross Profit Ratio = ?

Calculation of Cost of Goods Sold:

Cost of Goods Sold = Sales - Gross profit

                                 = 6,00,000 - 1,35,000

                                 = 4,65,000

Gross Profit Ratio =  (Gross profit / Cost of Goods Sold) x 100

                             = (1,35,000 / 4,65,000) x 100

                             = 29.033 %  

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