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A firm’s credit revenue from operations is `3,60,000, cash revenue from operations is `70,000. Cost of revenue from operations is `3,61,200. Its gross profit ratio will be:

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A firm’s credit revenue from operations is `3,60,000, cash revenue from operations is `70,000. Cost of revenue from operations is `3,61,200. Its gross profit ratio will be:

 Options:

(A) 11%
(B) 15%
(C) 18%
(D) 16%

 

The Correct Answer Is:

  • (D) 16%

 

Conclusion

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