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Question No 50 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Calculate the Gross Profit Ratio From the Following Details of a company and judge its performance.
| Particulars | 2021 | 2021 |
| Revenue from opening | 11,20,000 | 15,60,000 |
| Sales Return | 1,20,000 | 1,60,000 |
| Gross Profit | 2,50,000 | 3,78,000 |
| Gross Profit Ratio for 2021 | = | 2,50,000 | x | 100 | = | 25% |
| 10,00,000 |
| Gross Profit Ratio for 2022 | = | 3,78,000 | x | 100 | = | 27% |
| 14,00,000 |
Performance in the year 2022 is better than in 2021. The production has also improved.
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.
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