If value of opening inventories increases, what happens to the value of gross profit?

Related MCQs

• Given Sales is Rs.2,40,000 and Gross Profit is 60,000, the Gross Profit Ratio is
• Determine Stock Turnover Ratio if, Opening stock is Rs 31,000, Closing stock is Rs 29,000, Sales is Rs 3,20,000 and Gross profit ratio is 25% on sales.
• A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs.1,00,000. What is the Net Profit Ratio?
• A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs. 1,00,000. What is the Net Profit Ratio?
• 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 ?
• Sales – Gross Profit = .
• Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be
• While calculating Gross Profit Ratio,
• Gross Profit Ratio is calculated by
• If selling price is fixed 25% above the cost, the Gross Profit Ratio is