Question
Calculate the Gross Profit Ratio based on the following
data: ยทย ย ย ย ย ย ย Total Sales: โน3,60,000 ยทย ย ย ย ย ย ย Cost of Goods Sold (COGS): โน3,00,000; ยทย ย ย ย ย ย ย Sales Return: โน20,000.Solution
ย Net Sales = ๐๐๐ก๐๐ ๐๐๐๐๐ โ ๐๐๐๐๐ ๐
๐๐ก๐ข๐๐ = 3,60,000โ20,000=3,40,000 ย Gross Profit = Net ๐๐๐๐๐ โ ๐ถ๐๐บ๐ = 3,40,000โ3,00,000=40,000 ย Thus, Gross Profit Margin = ( ๐บ๐๐๐ ๐ ๐๐๐๐๐๐ก / ๐๐๐ก ๐๐๐๐๐ )ร100 =ย (40,000/3,40,000) ร 100 = ๐๐ . ๐๐ % ย
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