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A firm's credit revenue from operations ...

A firm's credit revenue from operations is Rs. 3,60,000, cash revenue from operations is Rs. 70,000. Cost of revenue from operations is Rs. 3,61,200. Its gross profit ratio will be :

A

`11%`

B

`15%`

C

`18%`

D

`16%`

Text Solution

Verified by Experts

The correct Answer is:
D
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