Question : What will the gross profit be if the sale is Rs.8,00,000 and the gross profit ratio is 20% of the sale?

Option 1: Rs.1,60,000

Option 2: Rs.1,33,333

Option 3: Rs.2,00,000

Option 4: None of the above

Question : Which of the following transactions will decrease the current ratio?

Option 1: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

Option 2: Sale of goods for Rs.2,00,000 (Cost Rs.2,20,000)

Option 3: Sale of furniture for Rs.40,000 (Book Value Rs.50,000

Option 4: Bill Receivable endorsed to a Creditor

Question : Which of the following transactions will decrease the current ratio?

Option 1: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

Option 2: Sale of goods for Rs.2,00,000 (Cost Rs.2,20,000)

Option 3: Sale of furniture for Rs.40,000 (Book Value Rs.50,000

Option 4: Bill Receivable endorsed to a Creditor

Question : The sale is Rs.2,50,000, and the gross profit margin is 25% of costs. How much will the gross profit be?

Option 1: Rs.75,000

Option 2: Rs.50,000

Option 3: Rs.57,500

Option 4: None of the above

Question : Revenue from operations Rs. 6,80,000; Rate of Gross Profit on cost 25%; Selling expenses Rs. 1,44,000; Administrative expenses Rs. 73,000. The operating ratio will be

Option 1: 111.91%

Option 2: 100%

Option 3: 111%

Option 4: None of the above