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    Question

    A firm’s gross profit is ₹50 lakh, sales are ₹2

    crore. What is its gross profit margin?
    A 20% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 30% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    GPM = (Gross Profit ÷ Sales) × 100 = (50L ÷ 200L) × 100 = 25%

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