Question

Opening Inventory ₹ 1,00,000; Closing Inventory ₹ 1,20,000; Purchases ₹ 20,00,000; Wages ₹ 2,40,000; Carriage Inwards ₹ 1,50,000; Selling Exp. ₹ 60,000; Revenue from Operations ₹ 30,00,000. Gross Profit ratio will be ______.

पर्याय

• 29%

• 26%

• 19%

• 21%

Answer 1

Opening Inventory ₹ 1,00,000; Closing Inventory ₹ 1,20,000; Purchases ₹ 20,00,000; Wages ₹ 2,40,000; Carriage Inwards ₹ 1,50,000; Selling Exp. ₹ 60,000; Revenue from Operations ₹ 30,00,000. Gross Profit ratio will be 21%.

Explanation:

Cost of Revenue from Operations = Opening Inventory + Purchases + Direct Expenses − Closing Inventory

= 1,00,000 + 20,00,000 + 2,40,000 + 1,50,000 − 1,20,000

= ₹ 23,70,000

Gross Profit = Revenue from Operations − Cost of Revenue from Operations

= 30,00,000 − 23,70,000

= ₹ 6,30,000

Gross Profit Ratio = `"Gross Profit"/"Revenue from Operations" xx 100"`

= `(6,30,000)/(30,00,000) xx 100`

= 21%