Looking for the answer to the question below related to Ratio Analysis ?

Revenue from Operations `6,00,000; Gross Profit 20%; Office Expenses `30,000;Selling Expenses `48,000.Calculate operating ratio.


(A) 80%
(B) 85%
(C) 96.33%
(D) 93%


The Correct Answer Is:

  • (D) 93%



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