A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from…
CUET UG 2025 — Accountancy Financial Statements
A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.
Held on 24 May 2025 · Verified 13 Jul 2026.
Options
- A
80,000
- B
2,80,000
- C
1,80,000
- D
60,000
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Financial Statements in other years
More CUET UG Financial Statements questions
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest
'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:
Other Accountancy topics for CUET UG
Keep practicing Financial Statements
Work through every CUET UG Financial Statements PYQ, year by year.