Question

Lash sales Rs. 2,00,000; Credit sales 90% of the Total sales, Gross profit ratio
25% : Indirect expenses Rs. 20,000.
2. GP ratio, using the following.
Sales (Gross) Rs. 3,30,000 : Sales return Rs.10,000; Net profit after interest
Rs.75,000; Indirect expenses Rs.10,000, Interest paid on debentures Rs.15,000.​

Answer 1

Explanation:

Lash sales Rs. 2,00,000; Credit sales 90% of the Total sales, Gross profit ratio

25% : Indirect expenses Rs. 20,000.

2. GP ratio, using the following.

Sales (Gross) Rs. 3,30,000 : Sales return Rs.10,000; Net profit after interest

Rs.75,000; Indirect expenses Rs.10,000, Interest paid on debentures Rs.15,000.