821. Gross Profit ratio is also termed as
A. Gross Profit Margin
B. Gross Margin to net sales
C. Both a and b
D. All of the above

822. While calculating Gross Profit ratio,
A. Closing stock is deducted from cost of goods sold
B. Closing stock is added to cost of goods sold
C. Closing stock is ignored
D. None of the above

823. While calculating Gross Profit, if net profit is given,
A. It can be converted into gross profit by adding interest to it
B. It can be converted into Gross profit by adding indirect expenses to it
C. Both a and b
D. None of the above

824. Gross profit ratio is calculated by
A. (Gross Profit/Gross sales)*100
B. (Gross Profit/Net sales)*100
C. (Net Profit/Gross sales)*100
D. None of the above

825. Given Sales is 1, 20,000 and Gross Profit is 30,000, the gross profit ratio is
A. 24%
B. 25%
C. 40%
D. 44%%

826. What will be the Gross Profit if, total sales is Rs 2,60,000 Cost of net goods sold is Rs 2,00,000 and Sales return is Rs 10,000?
A. 13%
B. 28%
C. 26%
D. 20%

827. If selling price is fixed 25% above the cost, the Gross Profit ratio is
A. 13%
B. 28%
C. 26%
D. 20%

828. Gross Profit ratio should be adequate to cover
A. Selling expenses
B. Administrative expenses
C. Dividends
D. All of the above

829. Net Profit ratio is calculated by
A. (Gross Profit/Gross sales)*100
B. (Gross Profit/Net sales)*100
C. (Net Profit/Net sales)*100
D. None of the above

830. If sales is Rs 5, 00,000 and net profit is Rs 1, 20,000 Net Profit ratio is
A. 24%
B. 416%
C. 60%
D. None of the above

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