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Operating cost - 680000. Operating expenses …

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Operating cost - 680000. Operating expenses - 80000. Gross profit-25%on revenue. Calculate operating ratio

    • Posted by Steena Elsa George 5 years, 5 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Gaurav Seth 5 years, 5 months ago

    Operating Cost=Rs 6,80,000

    Operating Expenses=Rs 80,000 

    Gross Profit Ratio=25%

     

    Operating Cost=Cost of Revenue from Operations+Operating Expenses 

    6,80,000=Cost of Revenue from Operations+80,000

    Cost of Revenue from Operations=Rs 6,00,000 

    Gross Profit =1/4th of Sales = 1/3rd of cost

    Gross Profit = 1/3×600000 = Rs 200000

    Gross Profit Ratio= Gross Profit / Net Sales×100

    25 = 200000 / Net Sales × 100

    Net Sales = RS 800000

    Operating Ratio = Operating Cost / Net sales×100

    680000 / 800000×100 = 85%

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