A Trader carries an Average Inventory of 1,00,000. His Inventory Turnover Ratio is 8 Times. He sells goods at a profit of 25% of cost. Calculate Gross Profit Ratio.
Music is the art of arranging sounds in time to produce a composition through the elements of melody, harmony, rhythm, and timbre. It is one of the universal cultural aspects of all human societies.
[tex]\begin{gathered}{\Huge{\textsf{\textbf{\underline{\underline{\purple{Answer:}}}}}}}\end{gathered}[/tex]
[tex]\implies[/tex]inventory turnover = cost of goods sold / average inventory
8-cost of goods sold /40000
cost of goods sold =320000
profit of 20% on sales
therefore profit of 25% on cost of goods sold
therefore gross profit = 320000*25%
= 80000
Yea…
Music is the art of arranging sounds in time to produce a composition through the elements of melody, harmony, rhythm, and timbre. It is one of the universal cultural aspects of all human societies.