If sales is Rs 5,00,000 and net profit is Rs 1,20,000. Net Profit ratio is ___

24%

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46%

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60%

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None of these

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Solution

The correct option is A
24%

Net Profit ratio

$= \frac{1, 20, 000}{5, 00, 000} \times 100 = 24 %$

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