(i) Revenue form operations: cash sales Rs 420000, credit sales Rs 600000, Return Rs 20000 cost of revenue from opeation sor cost of goods sold Rs 800000 calculate gross profit ratio.
(ii) average inventroy Rs 160000, inventory trunover ratio 6 times, selling prices 25% above cost .calculate gross profit ratio
(iii) opening inventroy rs 100000, closing inventory Rs 60000 inventory turnover ratio 8 times selling price 25% above cost calculate gross profit ratio.