Question
A company did sales of Rs.1 lakh during the year. It had
total purchases of Rs.75000 of which Rs.2000 worth was returned. The company paid Rs.2000 for carriage inward and Rs.5000 towards wages. If the inventor decreased by Rs.10000 during the year, what will be the gross profit margin of the company?Solution
Gross profit margin = Gross profit/sales For calculating Gross profit: Gross profit = Sales – COGS = Sales – (Opening inventory + purchases – closing inventory + other manufacturing expenses) = 100000 – (10000 + (75000-2000) + 2000 + 5000) = 10000 Gross profit margin = 10000/100000 = 10%
He is always praised for his gift of the gab.
Hang in there
Contain commonly used idioms and phrases in the English language. In each case, choose the option representing the correct meaning of each of ...
When two heavyweights have an argument, its best to sit on the fence and not make either of the turn against you.
Cool heels
- Read the sentence carefully and select the most suitable idiom to fill in the blank.
Despite all the warnings, he continued to take unnecessary ris... In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
- In each of the following questions, an idiomatic expression or a proverb has been given in bold . Choose the option that best expresses its meaning.
to chew the cud
Fill in the blanks with the correct idiom.
The new employee had no experience in the field, but he quickly adapted and showed that he was a ___...
