Question : What will the gross profit be if the revenue from operations is Rs 6,00,000 and the gross profit ratio is 30% of revenue?
Option 1: Rs.1,80,000
Option 2: Rs.1,20,000
Option 3: Rs.1,38,461
Option 4: None of the above
Answer (1)
27th Jan, 2024
Correct Answer: Rs.1,80,000
Solution :
Operation from revenue = Rs 6,00,000
Gross profit ratio = 30%
Gross Profit = 600000*30% = 1,80,000
Hence option 1 is the correct answer.
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