Accountancy, asked by shifalata, 6 months ago

sales rs. 400000. purchases rs. 260000, wages rs. 36000, closing stock rs. 44000, opening stock rs, 20,000 what will be the gross profit ratio ?

Answers

Answered by b4bhartidbg

0

GP= Sales + Closing stock - Opening stock - Purchase - Wages

= 400000+44000-20000-260000-36000

Gross profit = 128000

GP Ratio= GP/Sale*100

= 128000/400000*100

=32%

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