Numerical - Calculate gross profit ratio for given sales & gross profit

Q.  Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is
- Published on 08 Sep 15

a. 24%
b. 25%
c. 40%
d. 44%

ANSWER: 25%

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    Discussion

  • sarvan   -Posted on 30 Oct 20
    Gross Profit Ratio=Gross Profit/Sales*100
    30000/120000*100
    25%

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