Question
Calculate the Gross Profit Ratio based on the following
data: Β·Β Β Β Β Β Β Β Total Sales: βΉ3,60,000 Β·Β Β Β Β Β Β Β Cost of Goods Sold (COGS): βΉ3,00,000; Β·Β Β Β Β Β Β Β Sales Return: βΉ20,000.Solution
Β Net Sales = πππ‘ππ πππππ β πππππ π
ππ‘π’ππ = 3,60,000β20,000=3,40,000 Β Gross Profit = Net πππππ β πΆππΊπ = 3,40,000β3,00,000=40,000 Β Thus, Gross Profit Margin = ( πΊπππ π ππππππ‘ / πππ‘ πππππ )Γ100 =Β (40,000/3,40,000) Γ 100 = ππ . ππ % Β
Skills are a (1) asset (2) vital in todayβs globalised economy where (3) threat jobs are under (4) unskilled of (5) automation.
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