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Question 105 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 105 Chapter 4 of +2-B
Question No. 105- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 105 Chapter 4 of +2-B

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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

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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 ProfitX100
Net Sales
Revenue from Operations=Rs. 80,000X100
Rs. 4,00,000
 =20%  

 

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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