Calculate Gross profit ratio from following info
| Revenue from operations | 3,40,000 |
| Cost of revenue from operations | 1,20,000 |
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 64.71%
Gross profit ratio = Gross profit / Revenue from operations x 100, where gross profit is revenue from operations minus the cost of revenue from operations.
Gross profit = Rs. 3,40,000 - Rs. 1,20,000 = Rs. 2,20,000
Gross profit ratio = 2,20,000 / 3,40,000 x 100 = 64.71%
NCERT (2026-27 edition):
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