Q. 100 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)

the solutions of Question number 100 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)

Calculate G.P Ratio from the following:-

Credit Revenue from Operations were 1/4th of Total Revenue from Operations. Credit Revenue from Operations were ₹ 1,20,000. Credit Purchases were 1/5th of Cash Purchases. Credit Purchases were ₹ 40,000. Opening Inventory ₹ 70,000. It was ₹ 20,000 more than Closing Inventory; Carriage ₹ 15,000, Wages ₹ 45,000.

[Ans. G.P Ratio 33.33%.]

Solution:-