Q. 97 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 97 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Gross Profit Ratio from the following figures:-
Opening Inventory ₹ 40,000; Closing Inventory ₹ 60,000; Purchases ₹ 7,10,000; Return Outwards ₹ 10,000; Wages ₹ 80,000; Cash Revenue from Operations ₹ 3,45,000; Credit Revenue from Operations ₹ 6,30,000; Return Inward ₹ 25,000.
[Ans. G.P Ratio 20%.]
Solution:-
Calculate Gross Profit Ratio from the following figures:-
Cash Revenue from Operations ₹ 4,20,000; Credit Revenue from Operations ₹ 6,00,000; Revenue from Operations Returns (Sales Returns) ₹ 20,000; Cost of Revenue from Operations ₹ 7,50,000.
[Ans. G.P. Ratio 25%.]
Solution:-
