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      Question

      From the above information, calculate the gross profit

      ratio. Refer to the following information to answer the next 4 questions (Q5 to Q8)
      A 33.4% Correct Answer Incorrect Answer
      B 40.0% Correct Answer Incorrect Answer
      C 63.4% Correct Answer Incorrect Answer
      D 68.3% Correct Answer Incorrect Answer
      E 97.1% Correct Answer Incorrect Answer

      Solution

      Gross profit ratio = Gross profit/ sales *100 = 2,00,000/5,00,000 *100 = 40%

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