For a company, gross profit and credit sales are ₹ 1,20,000 and ₹ – InterviewSolution

1.	For a company, gross profit and credit sales are ₹ 1,20,000 and ₹ 4,80,000 respectively. If cash sales is 20% of total sales then find gross profit ratio.(A) 20%(B) 25%(C) 20.83%(D) 30%
Answer» Correct option is (A) 20%

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