Question 105 Chapter 4 of +2-B
Table of Contents
Gross Profit Ratio
105. Compute Gross Profit Ratio from the following information:
Revenue from Operations, i.e., Net Sales = 4,00,000; Gross Profit 25% on
Cost.
The solution of Question 105 Chapter 4 of +2-B: –
Gross Profit | = | 25% on Cost |
Cost | = | X |
Gross Profit | = | X + | 25 |
100 | |||
= | 25x | ||
100 |
Sales = Cost + Gross Profit
Rs. 4,00,000 | = | X + | 25x |
100 | |||
Rs. 4,00,000 x 100 | = | 125x | |
Rs. 4,00,00,000 | = | 125x | |
X | = | 4,00,00,000 | |
125 |
Cost | = | Rs. 3,20,000 |
Gross Profit | = | Sales – Cost |
= | Rs. 4,00,000 – Rs. 3,20,00 | |
= | Rs. 80,000 |
Revenue from Operations | = | Gross Profit | X | 100 |
Net Sales |
Revenue from Operations | = | Rs. 80,000 | X | 100 |
Rs. 4,00,000 | ||||
= | 20% |
Balance Sheet: Meaning, Format & Examples
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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