A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of `20%` on Revenue from operations, find out the gross profit.

A trading firm’s average inventory is Rs. 20,000 (cost). If the inventory turnover ratio is 8 times and the firm sells goods at a profit of 20% on sales, ascertain the profit of the firm.

(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.

Following figure have been extracted form shivalika mills ltd: inventroy in the beginning of the year Rs 60000 Inventory at the end of the year Rs 10000 Inventory Tuirnover Ratio 8 times . Selling price 25% above cost. ltbvrgt compute amout of gross profit and revenue form operations (net sales).

Calculate current assets of a company from the following information: Inventory turnover ratio = 4 times Inventory at the end is Rs. 20,000 more than the inventory in the beginning. Revenue from Operations Rs. 3,00,000 and gross profit ratio is 20% of revenue from operations. Current liabilities = Rs. 40,000 Quick ratio = 0.75 : 1

Calculate gross profit ratio from the followong data: Average inventory rs 320000, inventory trunover ratio 8 times, average trade revceivable Rs 400000 trade receivables trunover ratio 6 times , cash sales 25% of net sales.

Calculate gross profit ratio form the following data : Average inventory Rs 160000, inventroy trunovr Ratio 8 times, Average trade reveivables Rs 200000, Trade receivables turnover ratio 6 times, cash sales 25% of net sales.

Compute gross profit ratio from the following information : Revenue from operation Rs 600000, gross profit Rs 25% on cost.