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Opening Inventory Rs1,00,000; Closing Inventory Rs1,20,000; Purchases Rs20,00,000; Wages Rs2,40,000; Carriage Inwards Rs1,50,000; Selling Exp. Rs60,000; Revenue from Operations Rs30,00,000. Gross Profit ratio will be :
29%
26%
19%
21%
- Gross Profit is calculated as: Revenue - Cost of Goods Sold (COGS).
- COGS includes the Opening Inventory, Purchases, Wages, Carriage Inwards, minus Closing Inventory.
- Formula Calculation:
$$ \text{COGS} = \text{Opening Inventory} + \text{Purchases} + \text{Wages} + \text{Carriage Inwards} - \text{Closing Inventory} $$
$$ = 1,00,000 + 20,00,000 + 2,40,000 + 1,50,000 - 1,20,000 = 23,70,000 $$
- Gross Profit = Revenue - COGS = 30,00,000 - 23,70,000 = 6,30,000
- Gross Profit Ratio = (Gross Profit / Revenue) x 100
- $$ \text{Gross Profit Ratio} = (6,30,000 / 30,00,000) \times 100 = 21\% $$
- Option 1: 29%
- Option 2: 26%
- Option 3: 19%
- Option 4: 21%
By: santosh ProfileResourcesReport error
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