Opening Inventory (Stock): Rs 60,000, Closing Inventory (Stock): Rs. 1,00,000, Inventory (Stock) Turnover Ratio: 8 Times, Selling Price: 25% above cos

Question

Opening Inventory (Stock): Rs 60,000, Closing Inventory (Stock): Rs. 1,00,000, Inventory (Stock) Turnover Ratio: 8 Times, Selling Price: 25% above cos

Opening Inventory (Stock): Rs 60,000, Closing Inventory (Stock): Rs. 1,00,000, Inventory (Stock) Turnover Ratio: 8 Times, Selling Price: 25% above cost. Claculate Gross Profit Ratio.

Monjur Alahi

6 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Gross Profit Ratio = 20%.
Note: Cost of Goods Sold = Rs. 6,40,000, Sales = Rs. 8,00,000.

6 views Answered 2023-02-05 15:29