Multiple Choice Questions on If Cost of Goods Sold 40 000 GP Margin 20 of Sales Calculate the Gross profit margin ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

If Cost of Goods Sold 40 000 GP Margin 20 of Sales Calculate the Gross profit margin ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    If Cost of Goods Sold = 40,000;

    GP Margin = 20% of Sales  

    Calculate the Gross profit margin.

    32,000 

    Incorrect Answer

    48,000  

    Incorrect Answer

    8,000  

    Incorrect Answer

    10,000 

    Correct Answer
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    Explanation:

    Gross Margin= 20/80  x  40,000/-= 10,000

    By: Vikas Goyal
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