📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      If revenue from operations is Rs.60,00,000 Gross Profit

      ratio is 60%, Operating expenses are Rs.40,000 and Income tax rate is 30%, what will be the Gross Profit?
      A 120,000 Correct Answer Incorrect Answer
      B 224,000 Correct Answer Incorrect Answer
      C 320,000 Correct Answer Incorrect Answer
      D 360,000 Correct Answer Incorrect Answer

      Solution

      Gross Profit = Sales *Gross Profit ratio 60,00,000 *60% = 36,00,000

      Practice Next
      ask-question