Calculate the Gross Profit Ratio from the following information:Revenue from operations: Rs. 3,40,000 Cost of revenue from operations: Rs. 1,20,000 - Accountancy MCQ CUET Accountancy 2025 3 June Shift 2 2026 | ExamTest.live

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Calculate the Gross Profit Ratio from the following information:Revenue from operations: Rs. 3, 40, 000 Cost of revenue from operations: Rs. 1, 20, 000

Solution & Step-by-step Explanation

First, calculate the Gross Profit: Gross Profit = Revenue from operations - Cost of revenue from operations Gross Profit = 3, 40, 000 - 1, 20, 000 = Rs. 2, 20, 000 Now, compute the Gross Profit Ratio: Gross Profit Ratio = (\frac{Gross Profit}{Revenue from operations}) \times 100 Gross Profit Ratio = (\frac{2 , 20 , 000}{3 , 40 , 000}) \times 100 \approx 64.705% \approx 64.71%

Try it yourself before checking the explanation above.

Calculate the Gross Profit Ratio from the following information:Revenue from operations: Rs. 3, 40, 000 Cost of revenue from operations: Rs. 1, 20, 000

27.5%

64.71%

18.3%

15.55%

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