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Question No 44 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
44. Calculate the gross profit ratio if sale: 5,00,000 and gross profit: 25% on cost.
| Let C.O.G.S | = | x |
| G.P | = | 25 % of x |
| = | 25 x | = | 1 | x |
| 100 | 4 |
| G.P. | = | Net sales – C.O.G.S. |
| 1 | X | = | 5,00,000 | - | x |
| 4 |
| 1 | x | + | x | = | 5,00,000 |
| 4 |
| 1 x + 4x | = | 5,00,000 |
| 4 | ||
| 5x | = | 20,00,000 |
| x | = | 20,00,000 |
| 5 | ||
| = | ₹4,00,000 | |
| = | 25% of C.O.G.S |
| G.P. | = | 25. | X | 4,00,000 |
| 100 | ||||
| = | ₹1,00,000 |
| G.P. Ratio | = | G.P. | X | 100 |
| Net Sales |
| = | 1,00,000 | X | 100 |
| 5,00,000 | |||
| = | 20 % Ans. |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 44 Chapter 7 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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