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प्रश्न
What will be the amount of gross profit of a firm if its average inventory is ₹ 80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?
विकल्प
₹ 1,20,000
₹ 1,60,000
₹ 2,00,000
None of the above
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उत्तर
₹ 1,20,000
Explanation:
Inventory Turnover Ratio = `"Cost of Revenue from Opration"/"Average Inventory"`
6 = `("Cost of Revenue from Opration")/(80,000)`
Cost of Revenue from Operation = 80,000 × 6
= ₹ 4,80,000
Gross Profit = 25% of Cost
= `25/100 xx 4,80,000`
= ₹ 1,20,000
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संबंधित प्रश्न
From the following information calculate inventory turnover ratio; Revenue from operations Rs.16,00,000; Average Inventory Rs.2,20,000; Gross Loss Ratio 5%.
The quick ratio of a company is 1.5: 1. A state with reason which of the following transactions would
i. increase:
ii. decrease or
iii. not change the ratio
a. Paid rent Rs 3,000 in advance.
b. Trade receivables included a debtor Shri Ashok who paid his entire amount due Rs 9,700.
The Quick Ratio of a company is 0.8 : 1. State whether the Quick Ratio will improve, decline or will not change in the following cases:
- Cash collected from Debtors ₹ 50,000.
- Creditors of ₹ 20,000 paid off.
Choose the appropriate alternative from the given options:
Which of the following is not an activity ratio?
Calculate Revenue from operations of BN Ltd. From the following information:
| Current assets | ₹ 8,00,000. |
| Quick ratio is | 1.5: 1 |
| Current ratio is | 2: 1 |
| Inventory turnover ratio is | 6 times. |
Goods were sold at a profit of 25% on cost.
Cost of goods sold =____.
The 'Inventory Turnover Ratio' from the following information will be:
| (₹) | |
| Revenue from Operations | 12,00,000 |
| Average Inventory | 2,00,000 |
| Gross loss ratio | 20% |
If revenue from operations is ₹ 9,00,000; gross profit is 25% on cost and operating expenses are ₹ 90,000 the operating ratio will be:
From the following information, calculate the value of opening and closing inventory:
Inventory Turnover Ratio - 4 times.
Gross Profit = 20% on Revenue from Operations.
Revenue from Operations = ₹ 10,00,000.
Opening inventory is 25% of the inventory at the end.
The spreadsheet below shows the sales of Jupiter Ltd. made by four salesmen in the four quarters of the financial year 2022-23:
| A | B | C | D | E | F | G | |
| 1 | Sales in ₹ | ||||||
| 2 | Salesman No. | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | Total Sales | Commission @ 10% of sales (₹) |
| 3 | S1 | 6,000 | 7,000 | ?? | 9,000 | ||
| 4 | S2 | 8,000 | 9,000 | 8,200 | 8,500 | 33,700 | |
| 5 | S3 | 9,600 | 8,400 | 9,200 | 9,500 | 36,700 | ?? |
| 6 | S4 | ?? | 7,600 | 8,000 | 12,000 | ||
| 7 | Total | ||||||
Based on the above transactions and the information given in the spreadsheet, answer the following question:
- Write the formula to calculate the cost of the goods sold by Salesman No. S2 in Qtr 2, if he had sold the goods at a profit of 10% of the sales.
- Write the formula to calculate the sales made by Salesman No. S2 in Qtr 3 in cell D3, if he had sold the goods at a profit of 10% of the cost.
- In Qtr 1, Salesman No. S4 sold goods costing ₹ 8,800 at a loss of 10% of the sales. What is the selling price of the goods in cell B6.
- The company gives a commission of 10% on its total sales. Write the formula to calculate the commission earned by Salesman No. S3 in cell G5.
