Question : The Gross Profit Ratio of a company is 25%. Which of the following transactions will increase;
Option 1: Purchase of Stock-in-Trade Rs. 50,000.
Option 2: Purchases Return Rs. 15,000 .
Option 3: Revenue from Operations on sale of Stock-in-Trade Rs. 85,000 .
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above
Because in all cases there will be no effect on the Gross profit ratio.
Hence, the correct option is 4.