Question
A trader carries an average inventory of Rs. 40,000.
His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.Solution
Inventory Turnover Ratio =Cost of Revenue from Operations/Average Inventory Cost of Revenue from operations = 8 × Rs. 40,000 = Rs. 3,20,000 Revenue from operations = Cost of Revenue from operations ×100/80 = Rs. 3,20,000 ×100/80 = Rs. 4,00,000 Gross Profit = Revenue from operations – Cost of Revenue from operations = Rs. 4,00,000 – Rs. 3,20,000 = Rs. 80,000
98, 128, 162, 200, 244, 288
123, 155, 198, 246, 301, 363
The following numbers form a series. Find the odd one out.
24, 36, 54, 78, 121.5, 182.25
14, 16, 22, 46, 172, 886
Find the wrong number in the given number series.
12, 16, 28, 48, 78, 112
112, 130, 155, 196, 254, 342
7, 22, 68, 207, 620, 1880
- Find the wrong number in the given number series.
85, 117, 170, 244, 339, 465 Find the wrong number in the given number series.
630, 180, 60, 24, 12, 8, 540, 56, 85, 129, 190, 268
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