Question 45 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
45. Gross profit of a company is 25% on cost of goods sold. Its cash sales were 1/3rd of its credit sales. Calculate the gross profit ratio based on sale if cash sales were 3,00,000.
The solution of Question 45 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Cash sales | = | 1 | of credit sales |
| 3 |
| Cash sales | = | 1 | x | credit sales |
| 3 |
| 9,00,000 | = | cash sales + credit sale |
| Total sales | = | 3,00,000 + 9,00,000 |
| = | 12,00,000 | |
| Let C.O.G.S | = | x |
| G.P | = | 25% of x |
| = | 25 | X | = | 1 | x | |
| 100 | 4 |
| G.P. | = | Sales – C.O.G.S. |
| 1 | x | = | 12,00,000 | – | X | |
| 4 |
| 1 | x | + | x | = | 12,00,000 | |
| 4 |
| 1 x + 4x | = | 12,00,000 | |
| 4 | |||
| 5x | = | 48,00,000 |
| x | = | 48,00,000 |
| 5 | ||
| = | ₹9,60,000 | |
| G.P. | = | 25% of C.O.G.S |
| G.P. | = | 25 | X | 9,60,000 |
| 100 | ||||
| = | ₹2,40,000 |
| G.P Ratio | = | G.P. | X | 100 | |
| Net Sales |
| = | 2,40,000 | X | 100 | |
| 12,00,000 | ||||
| = | 20 % Ans. |
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Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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