Calculate the amount of Gross Profit Average Stock: Rs 50,000 Stock Turnover Ratio: 10 times Selling Price: 20% above Cost 

Calculate Cost of Goods Sold: Sales: Rs 15,00,000; Sales Return: Rs 1,00,000 Operating Expenses: Rs 50,000; Operating Ratio = 90%

 Calculate Opening Stock and Closing Stock: Total Sales: Rs 10,00,000 Gross Profit: 20% on Sale Stock Turnover Ratio: 5 times Closing Stock is Rs 20,000 more than Opening Stock 

 

Answer rating: 100% (QA)

To calculate the Gross Profit Average Stock we first need to find the Cost of Goods Sold COGS using ... View the full answer