Question No 47 Chapter 7 – UNIMAX Class 12 Part 2 – 2021

Question No 47 Chapter 7 – UNIMAX Class 12 Part 2 – 2021

 47. Calculating operating ratio from following trading and profit & loss account of pioneer Ltd.

Particulars	Amount	Particulars	Amount
To stock [1.12022]	45,000	by Sales (less : sales returns)	3,00,000
To Purchases	1,10,000	by stock [31-12-2022]	55,000
To Wages	15,000
To Gross Profit c/d	1,85,000
	3,55,000		3,55,000
To Administrative expenses	6,000	By Gross Profit b/d	1,85,000
To Selling Expenses	8,000	By Rent Received	10,000
To Interest Paid	14,000
To net Profit	1,67,000
	1,95,000		1,95,000

The solution of Question No 47 Chapter 7 – UNIMAX Class 12 Part 2 – 2021: -

C.O.G.S	=	opening stock + net purchases + direct expenses – closing stocks.
	=	45,000 + 1,10,000 + 15,000 – 55,000
	=	₹1,15,000
Operating cost	=	C.O.G.S + Operating expenses
	=	1,15,000 +6,000+8,000
	=	₹1,29,000

Operating Ratio	=	Opening cost	x	100
		Net sales

=	1,29,000	x	100
				3,00,000
	=	43 % Ans.