How to calculate

Accountancy

Gross profit ratio

TARGET CMA

CMA Inter

★ 1K+

20-Oct-22 16:01

547

Answers (4)

Best Answer

The option is incorrect. The correct value of closing stock is 225300 and GP is 418800

Nithya kalyani

CA Inter

★ 470

20-Oct-22 17:56

Nithya kalyani

The option is incorrect. The correct value of closing stock is 225300 and GP is 418800

Thanks for confirmation Ok 20% on sales right

Thread Starter

TARGET CMA

CMA Inter

★ 1K+

20-Oct-22 18:09

It's 20% on cost.

Nithya kalyani

CA Inter

★ 470

20-Oct-22 18:13

Nithya kalyani

It's 20% on cost.

Thread Starter

TARGET CMA

CMA Inter

★ 1K+

20-Oct-22 18:14