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
Correct Answer: Rs.1,60,000
Solution : Sale is 8,00,000 and the gross profit ratio is 20% Gross profit = Sale * GP rate = 8,00,000*20%=160000 Hence option 1 is the correct answer.
Question : The Gross Profit Ratio of a Company is 20%. Which of the following transactions will not change in gross profit ratio?
Option 1: Goods costing Rs. 1,50,000 sold for Rs. 2,00,000.
Option 2: Goods costing Rs. 3,40,000 sold for Rs. 4,00,000.
Option 3: Revenue from Operations Rs. 2,00,000.
Question : Find out net profit from the following: Sale= Rs.8,00,000; Gross Profit = 20%; Office Expenses = Rs.20,000; Selling Expenses = Rs.38,000.
Option 1: Rs.1,02,000
Option 2: Rs.1,40,000
Option 3: Rs.1,22,000
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
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
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