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    Question

    If revenue from operations is Rs.60,00,000 Gross Profit

    ratio is 60%, Operating expenses are Rs.40,000 and Income tax rate is 30%, what will be the Gross Profit?
    A 120,000 Correct Answer Incorrect Answer
    B 224,000 Correct Answer Incorrect Answer
    C 320,000 Correct Answer Incorrect Answer
    D 360,000 Correct Answer Incorrect Answer

    Solution

    Gross Profit = Sales *Gross Profit ratio 60,00,000 *60% = 36,00,000

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