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Question 50 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -50 Chapter no - 7 Unimax Class - 12 Part -II
Question No -50 Chapter no - 7 Unimax Class - 12 Part -II

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Question 50 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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Calculate the Gross Profit Ratio From the Following Details of a company and judge its performance.

Particulars20212021 
Revenue from opening11,20,00015,60,000
Sales Return1,20,0001,60,000
Gross Profit2,50,0003,78,000

The solution of Question 50 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Gross Profit Ration for 2021=2,50,000x100=25%
10,00,000
Gross Profit Ration for 2022=3,78,000x100=27%
14,00,000

Performance in the year 2022 is better than in 2021. The production has also improved.  

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