Question

If sales amount to Rs.2,40,000 and Gross Profit is Rs.60,000, what would be the gross profit ratio?​

Answer 1

Answer:

If sales amount to Rs.2,40,000 and Gross Profit is Rs.60,000, Gross Profit Ratio would be 25%

Step-by-step explanation:

Given :

Sales amount = Rs. 2,40,000

Gross Profit is Rs. 60,000

To find Gross Profit Ratio

Gross Profit Ratio = Gross Profit / Net Sales × 100

★ Gross Profit Ratio =

0.25 × 100

0.25 × 100 = 25

25 %

Gross Profit Ratio = 25%

Therefore, Gross Profit Ratio will be 25%

Answer 2

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Gross profit Ratio= Groos profit/ net sales ×100

=60000/ 240000 × 100 = 25 •/•