calculate gross profit ratio from the following:- opening stock - rs 50000, cash sales - rs 100000, closing stock - rs 75000, return outward - rs 15000, credit sales - rs 170000, purchases - rs 200000, advertising expenses - rs 30000, carriage inwards - rs 10000.

calculate gross profit ratio from the following:- opening stock - rs 5

1.	calculate gross profit ratio from the following:- opening stock - rs 50000, cash sales - rs 100000, closing stock - rs 75000, return outward - rs 15000, credit sales - rs 170000, purchases - rs 200000, advertising expenses - rs 30000, carriage inwards - rs 10000.
Answer» tion:SOLUTIONCredit Sale = Rs 5,00,000Rate of Credit Sale to Cash Sale = 4:1Cash Sale = 1/4 X 500000 = Rs 125000Total Sales = Cash Sales + Credit Sales= Rs 1,25,000 + Rs 5,00,000 = Rs 6,25,000Cost of Goods SOLD = Purchases -Return Outward + CARRIAGE Inwards +Wages + DECREASE in Inventory= Rs 3,00,000 - Rs 10,000 + Rs 10,000Rs 50,000 + Rs 10,000= Rs 3,60,000Gross PROFIT = Total Sales - Cost ofGoods Sold= Rs 6,25,000 – Rs 3,60,000 = Rs 2,65,000Gross Profit Ratio =GROSS Profit/Net Sales × 100265000/625000 x 100 = 42.40%

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

calculate gross profit ratio from the following:- opening stock - rs 50000, cash sales - rs 100000, closing stock - rs 75000, return outward - rs 15000, credit sales - rs 170000, purchases - rs 200000, advertising expenses - rs 30000, carriage inwards - rs 10000.​

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calculate gross profit ratio from the following:- opening stock - rs 50000, cash sales - rs 100000, closing stock - rs 75000, return outward - rs 15000, credit sales - rs 170000, purchases - rs 200000, advertising expenses - rs 30000, carriage inwards - rs 10000.