Q. Gross Profit Ratio is calculated by (Solved)
1. (Gross Profit/Gross sales)*100
2. (Gross Profit/Net sales)*100
3. (Net Profit/Gross sales)*100
4. None of the above
- b. (Gross Profit/Net sales)*100
1. (Gross Profit/Gross sales)*100
2. (Gross Profit/Net sales)*100
3. (Net Profit/Gross sales)*100
4. None of the above