Question 39 Chapter 4 of +2-B – USHA Publication 12 Class

Q-39- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 39 Chapter 4 of +2-B

III. Activity Ratios

Inventory Turnover Ratio

39. (Cost of Goods Sold & G.P.) A business house turns over its inventory 7 times a year and carries an average inventory at a cost of 35,000. Find out the cost of goods sold and gross profit if the mark upon sales is 25%.

The solution of Question 39 Chapter 4 of +2-B: –

 Inventory Turnover Ratio = Cost of goods sold Average Inventory
 7 = Cost of goods sold ₹ 35,000
 Cost of goods sold = ₹ 35,000 x 7 = ₹ 2,45,000 Gross Profit on Sales = 25% Sales = ₹ 100 Cost of goods sold = 100 – 25 = 75
 Gross profit = ₹ 2,45,000 X 25 75 = ₹ 81,667

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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Question 117 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication