Practicing Success
What will be the gross profit ratio if revenue from operations is ₹4,00,000 and gross profit is 25% on cost? |
10% 20% 25% 30% |
20% |
The correct answer is option 2- 20%. If Gross profit is 25% on cost then goods costing ₹100 must be sold for ₹125. Gross Profit Ratio = Gross Profit/Net Revenue of Operations × 100 |