Question

If the rate of gross profit for department 'M' is 20%, the amount of gross profit on a
turnover of Rs. 4,00,000 will be:
(A) Rs. 40,000
(B) Rs. 80,000
(C) Rs. 60,000
(D) Rs. 1,00,000​

Answer 1

Answer:

$400000 \times \frac{20}{100} = 80000$

Explanation:

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Answer 2

Answer:

The correct answer is (B) Rs. 80,000

Explanation:

Given-

If the rate of gross profit for department 'M' is 20%, the amount of gross profit on a

turnover of Rs. 4,00,000

To find-

Turnover Ratio

Solution -

Turover =

400000x$\frac{20}{100}$ = 80000

The amount of profit before payment of all interests and taxes is known as gross profit. Total variable costs are deducted from total revenue to calculate gross profit of the firm.

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