138 :- From the following information, calculate Gross Profit Ratio :
Solution :-
Revenue from Operation = Credit Sales + Cash Sales – Sales Return
= 10,00,000 + 10,00,000 x 1/4 – 0
= 10,00,000 + 2,50,000
= Rs 12,50,000
Cost of Goods Sold = Purchases – Return Outward + Carriage inward + Wages + Decrease in Inventory
= 6,00,000 – 20,000 + 20,000 + 1,00,000 + 20,000
= Rs 7,20,000
Gross Profit = Revenue from Operations – Cost of Goods Sold
= 12,50,000 – 7,20,000
= Rs 5,30,000
Gross Profit Ratio = Gross Profit/Revenue from Operation x 100
= 5,30,000/12,50,000 x 100
= 42.4%