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Question
If net revenue from operations of a firm are ₹ 15,00,000, Gross Profit is ₹ 9,00,000 and operating expenses are ₹ 75,000, what will be percentage of operating income on net revenue from operations?
Options
45%
55%
35%
65%
MCQ
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Solution
55%
Explanation:
Net Revenue from Operations = ₹ 15,00,000
Gross Profit = ₹ 9,00,000
Operating Expenses = ₹ 75,000
Operating Income = Gross Profit − Operating Expenses
= ₹ 9,00,000 − ₹ 75,000
= ₹ 8,25,000
Percentage of operating income on net revenue from operations = `"Operating Income"/"Net Revenue from Operations" xx 100`
= `(₹ 8,25,000)/(₹ 15,00,000) xx 100`
= 55%
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