Accountancy, asked by lishadas601, 10 months ago

opening inventory 60,000 , closing inventory 1,00,000 stock turnover Ratio 8times, selling price 25% above cost. calculate the Gross profit ratio

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Answered by mohitkumar4245

0

Explanation:

Opening inventory 60000,closing inventory 100000, inventory turnover ratio 8 times,selling price 25% above cost. Calculate gross profit ratio. .

Answer:Gross profit ratio = 20%Explanation:Inventory turnover ratio = 8 times. Average Inventory = ₹60,000+₹1,00,000/2₹80,000Accordingly, Cost

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