From the following information find out gross profit ratio sales is ₹600000 and gross profit is ₹135000
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gp ratio
=gp/sales ×100
=135/600×100
=22.5%
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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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