Question 68 Chapter 4 of +2-B
Table of Contents
IV. Profitability Ratios
68. (Net Profit Ratio) The gross Profit Ratio of a company was 25%. Its cash sales Revenue from Operation were ₹ 2,00,000 and its credit sales were 75% of the total sales. If the Indirect expenses of the company were ₹ 40,000.
Calculate Net profit Ratio.
The solution of Question 68 Chapter 4 of +2-B: –
Total Sales | = | Cash Sales + Credit Sales |
Cash Sales | = | ₹ 2,00,000 |
Credit Sales | = | 75% of Total sales |
Total Sales | = | 100 | X | ₹ 2,00,000 |
25 | ||||
= | ₹ 8,00,000 |
Gross Profit | = | 25 | X | 8,00,000 |
100 | ||||
= | ₹ 2,00,000 | |||
Net Profit | = | Gross Profit – Indirect Expenses | ||
= | ₹ 2,00,000 – ₹ 40,000 | |||
= | ₹ 1,60,000 |
Net Profit Ratio | = | Net Profit | X | 100 |
Net Sales | ||||
= | ₹ 1,60,000 | X | ₹ 1,50,000 | |
₹ 8,00,000 | ||||
= | 20% |
Also, Check out the solved question of previous Chapters: –
Usha 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
Leave a Reply