Q Net Sales 5,00,000
Gross profit = 2,00,000
Salary & wages = 45,000
Advertisement expenses = 10,000
Interest = 5,000
Rent Received = 60,000
CALCULATE NET PROFIT RATIO =????
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Answer:
net profit ratio=net profit/net sales ×100
=2,00,000/500,000 ×100
=40%
net profit=gross profit-salary and wages-advertisement expenses-interest+rent received
=2,00,000-45,000-10,000-5,000+60,000
=2,00,000
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