Based on following data related to Ambe limited, Jaipur, Answer question.

Determine Gross Profit Ratio.

50%

The correct answer is Option 3 - 50%.

Gross Profit Ratio = Gross Profit/Net Revenue from Operations × 100
                          = 420000/840000 x 100
                          = 1/2 x 100
                          = 50%

Gross profit = Revenue from operations - Cost of revenue from operations
                  = 840000 - 420000
                  = 420000