Question

If cost of goods sold is Rs. 720000, Total sales are Rs. 1000000, Return inward is Rs. 40000 and Return Outward is Rs. 12000 Then Gross Profit Ratio will be - a) 28% b)25% c)33.5% d)26.5%​

Answer 1

Answer:

gross profit =total sales- cost of goods sold

=1000000 - 720000=280000

gross profit % = gross profit ÷ total sales ×100

gross profit %= 280000÷1000000×100

gross profit %= 28%

so option A is the answer

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