# Question 62 Chapter 4 of +2-B – USHA Publication 12 Class

Q-62- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 62 Chapter 4 of +2-B

Profitability 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

(b)

 2016 2017 Sales (Revenue from Operation) 3,00,000 4,00,000 Gross profit 1,00,000 1,20,000

(c)

 ₹ ₹ Sales (Revenue from Operation) 1,60,000 Purchases 90,000 Sales return 10,000 Purchases returns 10,000 Opening Inventory 30,000 Closing Inventory 10,000

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

 (a) Gross Profit Ratio = Gross Profit X 100 Net Revenue from Operation = ₹ 42,000 X 100 ₹ 3,00,000 = 14%

 (b) (i) 2014 = Gross Profit X 100 Net Revenue from Operation = ₹ 1,00,000 X 100 ₹ 3,00,000 = 33.3%

 (ii) 2015 = Gross Profit X 100 Net Revenue from Operation = ₹ 1,20,000 X 100 ₹ 4,00,000 = 30%

(c)

 Trading A/c Particular Amount Particular Amount To Opening Stock A/c 30,000 By Sale A/c 1,60,000 To Purchases A/c 90,000 Less: Returns 10,000 1,50,000 Less: Returns 10,000 80,000 By Closing Stock 10,000 To Gross Profit A/c 50,000 1,60,000 1,60,000

 = ₹ 50,000 X 100 ₹ 1,50,000 = 33.3%

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