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%.
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…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
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
Official previous-year question
Held on 8 Aug 2022 · Verified 13 Jul 2026.
Options
- A
16.67%
- B
12.22%
- C
13.88%
- D
24.44%
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