Calculate net profit ratio from the following data: Sales returns 1,00,000 Administration expenses 10,000 Gross profit ? 40,000 Selling expenses 10,000 Income from investment 5,000 Loss on account of fire 3,000

Calculate net profit ratio from the following data: Sales returns 1,00,000 Administration expenses 10,000 Gross profit ? 40,000 Selling expenses 10,000 Income from investment 5,000 Loss on account of fire 3,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate net profit ratio from the following
data:
Sales returns 1,00,000
Administration expenses ? 10,000
Gross profit ? 40,000
Selling expenses 10,000
Income from investment 5,000
Loss on account of fire 3,000

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