(iii) A company earns a gross profit of 20% on cost. Its credit sales are twice of
its cash sales. If credit sales are 5,00,000, calculate gross profit ratio.
Credit Sales 2,40,000; Cash Sales 25% OT
Ans. : (i) 25%; (ii) 12.5%; (iii) 16.67%
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(iii) A company earns a gross profit of 20% on cost. Its credit sales are twice of
its cash sales. If credit sales are 5,00,000, calculate gross profit ratio.
Credit Sales 2,40,000; Cash Sales 25% OT
Ans. : (i) 25%; (ii) 12.5%; (iii) 16.67%
(iii) A company earns a gross profit of 20% on cost. Its credit sales are twice of
its cash sales. If credit sales are 5,00,000, calculate gross profit ratio.
Credit Sales 2,40,000; Cash Sales 25% OT
Ans. : (i) 25%; (ii) 12.5%; (iii) 16.67%
(iii) A company earns a gross profit of 20% on cost. Its credit sales are twice of
its cash sales. If credit sales are 5,00,000, calculate gross profit ratio.
Credit Sales 2,40,000; Cash Sales 25% OT
Ans. : (i) 25%; (ii) 12.5%; (iii) 16.67%
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