A Trader carries an Average Inventory of 1,00,000. His Inventory Turnover Ratio is 8 Times. He sellsgoods at a profit of 25% of cost. Calculate Gross Profit Ratio. Ello Monika sis ♥How are you ?I am fine -_-“ About the author Remi
Answer: answer is 40000 Step-by-step explanation: Inventory Turnover Ratio <br> <br> Cost of Revenue from operations <br> = Rs. 3,20,000 <br> Revenue from operations = Cost of Revenue from operations <br> = Rs. = 4,00,000 <br> Gross Profit = Revenue from operations – Cost of Revenue from operations <br> Rs. 4,00,000-Rs. 3,20,000=Rs. 80,000 Reply
Answer:
answer is 40000
Step-by-step explanation:
Inventory Turnover Ratio
<br>
<br>
Cost of Revenue from operations
<br> = Rs. 3,20,000 <br> Revenue from operations = Cost of Revenue from operations
<br> = Rs.
= 4,00,000 <br> Gross Profit = Revenue from operations – Cost of Revenue from operations <br> Rs. 4,00,000-Rs. 3,20,000=Rs. 80,000