Question 48 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
48. Gross profit of a company was 25%. Its credit sales were 20,00,000 and its cash sales were 20% of the total sales. If the indirect expenses of the company were 50,000. Calculate its net profit ratio.
The solution of Question 48 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Credit sales | = | = 20,00,000 let total sales = x |
| Credit sales | = | 20% of x |
| Total sales | = | cash sales + credit sales |
| X | = | 20,00,000 | + | 20 | X |
| 100 |
| X | – | 1 | x | = | 20,00,000 |
| 5 |
| 5X- X | x | = | 20,00,000 | |
| 5 | ||||
| = | 1,00,00,000 |
| X | = | 1,00,00,000 |
| 4 |
| = | ₹ 25,00,000 | |
| = | 25% of sales |
| = | 25 | x | 25,00,000 | |
| 100 | ||||
| = | ₹ 6,25,000 |
| N.P. | = | G.P. – Indirect Taxes |
| = | 6,25,000 -50,000 | |
| = | ₹5,75,000 | |
| Net profit ratio | = | N.P. | X | 100 | |
| Net Sales |
| = | 5,75,000 | X | 100 | |
| 2,25,000 | ||||
| = | 23 % 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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