Q. 193 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)

the solutions of Question number 193 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)

Calculate G.P Ratio from the following:-

Cash Revenue from Operations are 1/3rd of total Revenue from Operations. Cash Revenue from Operations were ₹ 6,00,000; Credit Purchases are 25% of total purchases. Credit Purchases were ₹ 3,00,000. Opening Inventory ₹ 1,00,000; Closing Inventory was ₹ 50,000 more than Opening Inventory. Carriage ₹ 15,000, Wages ₹ 35,000.

[Ans. G.P Ratio 33.33%.]

Solution:-