Question
Calculate the Gross Profit Ratio based on the following data: · Total Sales: ₹3,60,000 · Cost of Goods Sold (COG
- S : ₹3,00,000; · Sales Return: ₹20,000.
Net Sales = 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 − 𝑆𝑎𝑙𝑒𝑠 𝑅𝑒𝑡𝑢𝑟𝑛 = 3,60,000−20,000=3,40,000 Gross Profit = Net 𝑆𝑎𝑙𝑒𝑠 − 𝐶𝑂𝐺𝑆 = 3,40,000−3,00,000=40,000 Thus, Gross Profit Margin = ( 𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 / 𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠 )×100 = (40,000/3,40,000) × 100 = 𝟏𝟏 . 𝟕𝟔 % More Financial System Questions
- Which private general insurer launched "Insurance Samjho," a Gen AI powered bot designed to simplify insurance complexities for customers?
- Where are ethical standards typically based?
- As per section 44 of the Companies Act 2013, The shares or debenture or other interest of any member in a company is movable property transferable in the m...
- A company purchases raw material from a US-based supplier for USD 10,000 on January 1, 20X1, when the exchange rate is ₹87/USD. The payment remains outstan...
- What is the increased limit for e-mandates per transaction for subscription to mutual funds, payment of insurance premiums, and credit card bill payments?
- A manufacturing entity has a stock of finished goods with a total Historical Cost of ₹12,00,000. Due to a market slowdown in early 2026, the estimated sell...
- In the Sweezy Model of Oligopoly, the Kinked Demand Curve is used to explain why prices in oligopolistic markets remain relatively stable (Price Rigidity)....
- Which among the following is not regulated by SEBI?
- Which institution or entity is custodian of Country’s foreign exchange reserve ?
- Given: • PAT = ₹4,00,000 • Shareholder's Equity = ₹20,00,000 • Total Assets = ₹50,00,000 Calculate ROE and ROA respectively.
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)