# Question 45 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -45 Chapter no - 7 Unimax Class - 12 Part -II

Question 45 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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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