McqMate
| Q. |
Gross Profit Ratio is calculated by |
| A. | (Gross Profit/Gross sales)*100 |
| B. | (Gross Profit/Net sales)*100 |
| C. | (Net Profit/Gross sales)*100 |
| D. | None of the above |
| Answer» B. (Gross Profit/Net sales)*100 | |
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