Question

Question No. 3
A
А
At
What will be the Gross Profit Ratio if, total sales is Rs
2,60,000, cost of net goods sold is Rs 2,00,000 and sales
return is Rs 10,000?​

Answer 1

Answer:

20%

Explanation:

GROSS PROFIT = NET SALES - COGS

= (260000-10000) - 200000

= 50000

GROSS PROFIT RATIO =

=GROSS PROFIT/ NET SALES * 100

= 50000*100/250000

=20%

Answer 2

Answer:

The Gross Profit Ratio will be 20 %.

Explanation:

Given :

Total Sales = Rs 2,60,000

Cost of net Goods Sold = Rs 2,00,000

Sales Return = Rs 10,000

To find :

Gross Profit Ratio

Solution :

★ Gross Profit Ratio =

$\boxed{\sf{ \dfrac{Gross \: Profit }{Net \: Sales} \: \times \: 100}}$

Net Sales = 2,60,000 - 10,000

$\longrightarrow$ 2,50,000

Net Sales = 2,50,000

Gross Profit = Net Sales - Cost Of Goods Sold

$\longrightarrow$ 2,50,000 - 2,00,000

$\longrightarrow$ 50,000

Gross Profit = 50,000

Gross Profit Ratio =

$\boxed{\sf{ \dfrac{Gross \: Profit }{Net \: Sales} \: \times \: 100}}$

$\boxed{\sf{ \frac{50,000 }{2,50,000} \: \times \: 100}}$

$\longrightarrow$ 20 %

Gross Profit Ratio = 20%

∴ The Gross Profit Ratio will be 20%.