Net Sales = 6,00,000−50,000=5,50,000.
Gross Profit = Net Sales - Cost of Goods Sold = 5,50,000−4,40,000=1,10,000.
Gross Profit Ratio = 5,50,0001,10,000×100=20%.
What is Gross Profit Ratio if? Total sales Rs. 6,00,000 Sales returns Rs. 50,000 Cost of goods sold Rs. 4,40,000
CUET UG 2022 — Accountancy Financial Statements
2022mcqeasy
What is Gross Profit Ratio if?
Total sales Rs. 6,00,000
Sales returns Rs. 50,000
Cost of goods sold Rs. 4,40,000
Official previous-year question
Held on 8 Aug 2022 · Verified 13 Jul 2026.
Options
- A
20%
- B
2%
- C
25%
- D
30%
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