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what is a gross profit ratio?
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Answer / yadav kuldeep
Gross Profit Ratio= (Gross profit /Net Sales)*100
Gross Profit = Net Sales - Cost of goods sale
Cost of goods sold = (Op. Stock + Purchase+ Direct exp.)-
Closing stock
Net sales= (Cash sales + Credit Sales)- Sales return
| Is This Answer Correct ? | 15 Yes | 1 No |
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