26.. Solve this question
Solution
1) gross profit ratio= (gross profit/revenue from operation) × 100
Gross profit = revenue from operation - cost of revenue from operation
Cost of revenue from operation= opening stock + purchases + wages + carriage inward - closing stock
1) gross profit ratio= (gross profit/revenue from operation) × 100
Gross profit = revenue from operation - cost of revenue from operation
Cost of revenue from operation= opening stock + purchases + wages + carriage inward - closing stock
= 40,000 + 2,50,000 + 16000 + 8000 - 50,000
= 314000 - 50000
= 264000
revenue from operation = 5,00,000
Gross profit ratio = (264000/500000) × 100
52.8%
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= 314000 - 50000
= 264000
revenue from operation = 5,00,000
Gross profit ratio = (264000/500000) × 100
52.8%
Note: You are requested to post the thread again from remaining parts. And get quick assistance from our expert.Looking forward to hear again from you!