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Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

Question 71 Chapter 4 of +2-B
Q-71- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 71 Chapter 4 of +2-B

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IV. Profitability Ratios

71. (GP Ratio & Operating Ratio) Opening Inventory ₹ 80,000 ; Purchases ₹ 4,30,900 ; Direct expenses ₹ 4,000 ; Closing Inventory ₹ 1,60,000 ; Administrative expenses ₹ 21,100 ; Selling and distribution expenses ₹ 40,000 ; Sales (Revenue from Operation) ₹ 10,00,000 Calculate.
(a) Gross profit ratio
(b) Operating ratio

The solution of Question 71 Chapter 4 of +2-B: – 

(1) Gross Profit Ratio=₹ 6,45,100X₹ 2,00,000
₹ 10,00,000
 =64.51%  
(2) Net Profit Ratio=₹ 4,16,000X8,00,000
₹ 10,00,000
 =41.6%  
Gross Profit=Net Sales + Closing stock – (opening stock + net purchases + Direct Expenses)
 =₹ (10,00,000 + 1,60,000) – ( 80,000 + 4,30,900 + 4,000)
 =₹ 6,45,100
Cost of goods sold=Sales – Gross Profit
 =₹ 10,00,000 – ₹ 6,45,100
 =₹ 3,54,900
Operating Cost=Cost of goods sold + Operating Expenses
 =₹ 3,54,900 + ₹ 61,100
 =₹ 4,16,000


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

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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