Question 62 Chapter 4 of +2-B

Question 62 Chapter 4 of +2-B

III. Activity Ratios

Working Capital Turnover Ratio

62. (G.P. Ratio) (a) From the following particulars calculate gross profit ratio :

Gross profit 42,000
Net sales (Revenue from Operation) 3,00,000


Sales (Revenue from Operation) 3,00,0004,00,000
Gross profit1,00,0001,20,000


Sales (Revenue from Operation)1,60,000Purchases 90,000
Sales return 10,000Purchases returns10,000
Opening Inventory30,000Closing Inventory 10,000


The solution of Question 62 Chapter 4 of +2-B: – 


(a) Gross Profit Ratio=Gross ProfitX100
 Net Revenue from Operation
 =₹ 42,000X100
₹ 3,00,000


(b) (i) 2014=Gross ProfitX100
 Net Revenue from Operation
 =₹ 1,00,000X100
₹ 3,00,000


(ii) 2015=Gross ProfitX100
 Net Revenue from Operation
 =₹ 1,20,000X100
₹ 4,00,000


Trading A/c
To Opening Stock A/c 30,000By Sale A/c1,60,000 
To Purchases A/c90,000 Less: Returns10,0001,50,000
Less: Returns10,00080,000By Closing Stock 10,000
To Gross Profit A/c 50,000   
  1,60,000  1,60,000
 =₹ 50,000X100
₹ 1,50,000

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 62 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-