can anyone help me in computing this GP Ratio as given in this excel attachment answer is also furnished.Kindly give workings in the same excel sheet
Thanks in advance
CA Manoj Tilokani
(JOB)
(163 Points)
Replied 21 October 2010
REFFER THE FOLLOWING FILE
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 21 October 2010
Thanks Mr Manoj Tilokani for the reply.But small doubt why GP is applied on Cost ofsales instead of Retail sales to arrive at GP Ratio
CA Manoj Tilokani
(JOB)
(163 Points)
Replied 21 October 2010
JUST LOGIC IS THAT RETAILERS ARE NOT MANUFACURING CONCERNS.. THEY JUST ADD THIER PROFIT MARGIN TO COST..( STILL THIS CAN BE OBJECTED, WHEN I WAS IN CPT, MY TEACHER EXPLIANED ME THIS CONCEPT)
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 21 October 2010
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