To arrive at the gross profit of a trading business, which one of the following formulae is applied ?

To arrive at the gross profit of a trading business, which one of the following formulae is applied ? Correct Answer Sales - ( Opening stock + Purchase - Closing stock )

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To arrive at the gross profit of a business, which one of the following formulae is applied ?
At XYZ Company, the ratio of sales to gross profit is 4:3 and the ratio of gross profit to net profit is 3:1, what is the ratio of net profits to sales?
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