GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 17

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17. Net Profit ratio is calculated by []

  1. (a) (Gross Profit/Gross sales) × 100
  2. (b) (Gross Profit/Net sales) × 100
  3. (c) (Net Profit/Net sales) × 100
  4. (d) None of the above

Correct Answer: (c) (Net Profit/Net sales) × 100

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