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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


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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.

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