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प्रश्न
Calculate the amount of gross profit:
Average inventory = Rs. 80,000
Inventory turnover ratio = 6 times
Selling price = 25% above cost
संख्यात्मक
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उत्तर
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
6 = `"Cost of Revenue from Operations"/(80,000)`
Cost of Revenue from Operations = 6 × 80,000
= Rs. 4,80,000
Gross Profit = 25% of Cost of Revenue from Operations
Gross Profit = `4,80,000 xx 25/100`
= Rs. 1,20,000
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