What will be the gross profit ratio if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and Sales return is Rs 10,000?

13%

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28%

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26%

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20%

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Solution

The correct option is D
20%

Net Sales = Rs 2,60,000 - Rs 10,000 = Rs 2,50,000

Cost of goods sold = Rs 2,00,000

Gross Profits = Rs 2,50,000 - Rs 2,00,000 = Rs 50,000

$G r o s s p r o f i t r a t i o = \frac{50, 000}{2, 50, 000} \times 100 = 20 %$

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What will be the gross profit ratio if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and Sales return is Rs 10,000?

The correct option is D 20% Net Sales = Rs 2,60,000 - Rs 10,000 = Rs 2,50,000 Cost of goods sold = Rs 2,00,000 Gross Profits = Rs 2,50,000 - Rs 2,00,000 = Rs 50,000 Gross profit ratio=50,0002,50,000×100=20%

The correct option is D
20%

Net Sales = Rs 2,60,000 - Rs 10,000 = Rs 2,50,000

Cost of goods sold = Rs 2,00,000

Gross Profits = Rs 2,50,000 - Rs 2,00,000 = Rs 50,000

$G r o s s p r o f i t r a t i o = \frac{50, 000}{2, 50, 000} \times 100 = 20 %$