How to find out gross profit when gross profit ratio is given?
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Answered by
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Answer:
the formula for this is gross profit ratio= gross profit divided by net scales and if the gross percentage is given so first solve it by multiply with 100
Answered by
1
Gross profit = [Gross profit ratio × Net sale]100
Explanation:
Given:
Gross profit ratio:
Find:
Gross profit
Computation:
Gross profit ratio = [Gross profit / Net sale]100
Gross profit = [Gross profit ratio × Net sale]100
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