GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 15

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15. Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is []

  1. (a) 24%
  2. (b) 25%
  3. (c) 40%
  4. (d) 44%

Correct Answer: (b) 25%

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