Given that net sales is Rs 1,20,000 and gross profit is Rs 30,000. The gross p

Question -

Given that net sales is Rs 1,20,000 and gross profit is Rs 30,000. The gross profit ratio is ___

Options:

A . 24%

B . 25%

C . 40%

D . 44%

Answer: Option B
:
B

$Gross Profit Ratio = \frac{Gross Profit}{Net Sales} \times 100 = 25 %$

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