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Insurance claims for loss of profit

Accountancy

While calculating gp% I am getting 16.66% but in the question it is given 20% ???? Gp =np+ insured standing charges /previous year turn over Ã?100 2,00,000/12,00,000Ã?100 = 16.66%

anusha athikamsetty

CA Inter

★ 65

02-Aug-21 10:21

522

Answers (2)

Your calculation looks fine, but when it is given in question, we should take the one as given.

Sahibdeep Singh

CA Inter

★ 14K+

02-Aug-21 10:43

Sahibdeep Singh

Your calculation looks fine, but when it is given in question, we should take the one as given.

K tnq u sir

Thread Starter

anusha athikamsetty

CA Inter

★ 65

02-Aug-21 12:30