From the following information, calculate net profit ratio : Gross Profit is 1 / 4 th of cost and sales is ₹2,00,000. Indirect expenses is ₹12,000 :

CS Executive · Corporate and Management Accounting · PYQS · December 2020
From the following information, calculate net profit ratio : Gross Profit is 1 / 4 th of cost and sales is ₹2,00,000. Indirect expenses is ₹12,000 :
(A) 19%
(B) 20%
(C) 14%
(D) 25%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Management

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