Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.

Options:

80,000

2,80,000

1,80,000

60,000

Correct Answer:

1,80,000

Explanation:

Right Answer not mentioned in NTA Answer key