Q. 96 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 96 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Gross Profit Ratio from the following figures:-
| ₹ | |
| Gross Profit | 90,000 |
| Revenue from Operations (Sales) | 3,20,000 |
| Revenue from Operations Returns (Sales Returns) | 20,000 |
[Ans. G.P. Ratio 30%.]
Solution:-
The following figures have been taken from the published accounts of G. Associates for the two successive years:
| 31st March, 2023 | 31st March, 2024 | |
| Revenue from Operations | 2,10,000 | 4,20,000 |
| Gross Profit | 52,500 | 84,000 |
Comment upon the profitability for the two years.
[Ans. G.P Ratio 2023 – 25%; 2024 – 20%.]
Solution:-
