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Question
What will be the amount of Gross Profit, if Revenue from Operations are ₹ 6,00,000 and Gross Profit Ratio 20% of Revenue from Operations?
Options
₹ 1,50,000
₹ 1,00,000
₹ 1,20,000
₹ 5,00,000
MCQ
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Solution
₹ 1,20,000
Explanation:
Gross Profit Ratio = 20% of Revenue from Operations
= `20/100 xx 6,00,000`
= ₹ 1,20,000
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