Question

If the net profit is ₹10000 which is one third of the gross profit and if the gross profit ratio is 20% on sales then the amount of sales would be

Answer 1

Amount of sales = 1,50,000

Step-by-step explanation:

We have give,

Net profit = 10,000

Gross profit ratio = 20%

Net profit is 1/3 of gross profit,

so we can say that ,

Gross profit = 3 times of net profit

• => 10,000×3= 30,000

Sale = Gross profit / gross profit ratio ×100

• => 30,000/20×100=1,50,00

Total amount of sales = 1,50,000₹