Gross profit must always be calculated as a percentage on purchase .

Related MCQs

• If Gross profit is 600000, sales is Rs. 15,00,000 then gross profit ratio will be …………..
• If Gross profit is 54000 and sales is Rs. 180000 then gross profit ratio will be ….
• If Gross profit is Rs. 27000 and Sales Rs. 90000 then gross profit will be ……..
• ……………… ratio indicates the relationship of gross profit to net sales in terms of percentage.
• If Net Profit is Rs. 200000 Insured Standing Charges is Rs. 160000 Sales of The Previous year is Rs. 1800000 Then Gross Profit Rate will be…………
• If Net Profit is Rs. 400000 Insured Standing Charges is Rs. 320000 Sales of The Previous year is Rs. 3600000 Then Gross Profit Rate will be…………
• IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..
• IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit on Sales will be ………..
• …………………policy cover loss of gross profit sustained as a consequence of business interruption.
• What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?