Following information is available for the year ended 31 st march 2019 calcualte gross profit ratio:

Explanation

Gross profit ratio=`("gross profit")/("Revenue from operation")xx100=(Rs 10000)/(Rs 100000)xx100=10%`
Revenue form operation i.e net sales =cash sales +credit sales
`=Rs 25000+Rs 25000xx3//1=Rs 25000+Rs 75000`
=Rs 100000
net purchases =cash purchases +credit purchases -returns outward
=Rs 15000+Rs 60000-Rs 2000=Rs 73000