Multiple Choice Questions on calculate gross profit when the normal rate of gross profit is 30 of selling price sales i........... for UPSC EPFO Exam Preparation

Back to Main Page

Multiple Choice Questions

calculate gross profit when the normal rate of gross profit is 30 of selling price sales i...........

General Accounting Principles Accounting cycles
    Download Solution PDF

    calculate gross profit  when the normal rate of gross profit is 30% of selling price:

    sales is Rs. 6,00,000; purchases is Rs. 4,10,000; opening stock Rs. 60,000; closing stock Rs. 50,000

    Rs. 4,50,000

    Incorrect Answer

    Rs. 4,70,000

    Incorrect Answer

    Rs. 1,80,000

    Correct Answer

    Rs. 4,00,000

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Accounting cycles
    Prepare through Micro-courses
    Try Now
    Explanation:

    given: sales is Rs. 6,00,000; purchases is Rs. 4,10,000; opening stock Rs. 60,000; closing stock Rs. 50,000 and when the normal rate of gross profit is 30% of selling price

    gross profit @ 30% on sales i.e 

    GROSS PROFIT= Rs. 6,00,000 @ 30%

                               = Rs. 1,80,000

    By: SWAPNIL AGGARWAL
    ProfileResources

    Let's Discuss

    Master
    Accounting cycles
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free