Study the information given below carefully and answer the following question.

Cost of Revenue from Operations for the year 2020 would be _____________________

₹21,12,000

The correct answer is option 1- ₹21,12,000.

Gross profit ratio = Gross profit/ Revenue from operations x 100
                       12 =  Gross profit/24,00,000 x 100
Gross profit = 12 x 24,00,000/100
                   = 2,88,000

Cost of Revenue = Revenue from operations - Gross profit
                           = 24,00,000 - 2,88,000
                           = 21,12,000