Manertial accounting
Shreya (7 Points)
16 May 2021
total turnover rs 1,10,00 cost of good sold rs 88,00 percentage of gross profit to sales will be
5 Replies
prasad Nilugal
(3914 Points)
Replied 16 May 2021
Total Tunover = 11000/-
Less
Cost of Goods sold = 8800/-
--------------------------------------------
Gross profit will be = 2200/-
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 May 2021
Gross profit ratio will be 20%
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