| GH⊄ | |
| Sales | 200000 |
| Purchase | 170000 |
| Opening stock | 40000 |
| Closing stock | 50000 |
The gross profit percentage is
10%
20%
25%
15%
Correct answer is B
Gross profit percentage = Gross profit/Sales x 100
Cost of goods sold = 40,000 + 170,000 - 50,000
= 160,000
Gross profit = 200,000 - 160,000
= 40,000
Gross profit % = 40,000/200,000 x 100
= 20%
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...
Which of the following is among the categories of government cash book? ...
1. Cash sales 11. Cash purchases 111. Cash discount allowed 1V. Cash payment V. Cash receipts ...
The main purpose of control account is to? ...
To compute gearing ratio, divide? ...
Which of the following is a credit item on an income and expenditure account? ...
In the period of rising prices, which method of stock valuation is most appropriate? ...