GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If cost of goods sold is Rs. 100,000, other; operating expenses are Rs. 20,000 and total net sales are Rs. 150,000 the operating ratio will be equal to ____
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70 %
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80 %
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90 %
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100 %
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Explanation:
Detailed explanation-1: -Net income is $15, 000, operating expenses are $20, 000, and net sales total $75, 000. How much is cost of goods sold? $40, 000. Sales less cost of goods sold equals gross profit.
Detailed explanation-2: -1, 00, 000 X (25/100) = Rs. 25, 000.
Detailed explanation-3: -Gross profit = 1, 00, 000×2080 = Rs 25, 000. Q. Cost of goods sold is Rs. 1, 00, 000, rate of gross profit on sales is 20%.
There is 1 question to complete.