Multiple Choice Questions on If net revenue from operations of a firm are Rs 1 20 000 cost of revenue from operations is Rs 66 00........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If net revenue from operations of a firm are Rs 1 20 000 cost of revenue from operations is Rs 66 00...........

General Accounting Principles Financial statement analysis 
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    If net revenue from operations of a firm are Rs 1,20,000; cost of revenue from operations is Rs 66,000 and operating expenses are Rs 21,600, what will be the percentage of operating income on net revenue from operations?

    55%

    Incorrect Answer

    45%

    Incorrect Answer

    73%

    Incorrect Answer

    27%

    Correct Answer

    30%

    Incorrect Answer
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    Explanation:

    gross profit=revenue from operations−cost of revenue from operations

    =Rs (120000−66000)

    gross profit= Rs 54000

    operating income= gross profit−operating expenses= Rs (54000−21600)= Rs 32400

    operating income ratio= operating profit / revenue from operation×100

    =32400/120000×100

    operating income ratio=27%

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