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Question

Gross profit ratio is calculated by ___



A

(Gross ProfitGross Sales)×100

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B

(Gross ProfitNet Sales)×100

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C

(Net ProfitGross Sales)×100

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D

None of these

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Solution

The correct option is B

(Gross ProfitNet Sales)×100


Gross Profit Ratio=(Gross ProfitNet Sales)×100


Accountancy

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