Net Sales = 7,60,000−40,000=7,20,000.
Gross Profit = Net Profit after interest + Interest + Indirect Expenses = 40,000+20,000+60,000=1,20,000.
Gross Profit Ratio = 7,20,0001,20,000×100=16.67%.
CUET UG 2022 — Accountancy Financial Statements
What is gross profit ratio?
Gross sales Rs. 7,60,000
Sales returns Rs. 40,000
Net Profit after interest Rs. 40,000
Indirect expenses Rs. 60,000
Interest paid on debentures Rs. 20,000
Held on 8 Aug 2022 · Verified 13 Jul 2026.
16.67%
12.22%
13.88%
24.44%
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