Calculate the revenue from operations if

CUET Preparation Today

Start Free Mocks

Home Questions QVR3T47EZ7

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate the revenue from operations if Gross Profit Ratio = 20% and Gross Profit for the year was ₹5,00,000.

Options:

₹2000000

₹3000000

₹2500000

₹3500000

Correct Answer:

₹2500000

Explanation:

Gross profit= 20%= ₹500000
So, sales= 500000X100/20
= ₹2500000