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Question
Compute Gross Profit Ratio from the following information:
Cost of Revenue from Operations (Cost of Goods Sold) ₹5,40,000; Revenue from Operations (Net Sales) ₹6,00,000.
Sum
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Solution
Gross Profit = Revenue from Operations – Cost of Revenue from Operations
= 6,00,000 – 5,40,000 = Rs 60,000
Gross Profit Ratio = `"Gross Profit"/"Revenue from Operations"`
`= 60000/600000 xx 100`
= 10%
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