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    Question

    Refer to the following information to answer the next 4 questions (Q5 to Q8)

    From the above information, calculate the gross profit

    ratio.
    A 33.4% Correct Answer Incorrect Answer
    B 40.0% Correct Answer Incorrect Answer
    C 63.4% Correct Answer Incorrect Answer
    D 68.3% Correct Answer Incorrect Answer
    E 97.1% Correct Answer Incorrect Answer

    Solution

    Gross profit ratio = Gross profit/ sales *100 = 2,00,000/5,00,000 *100 = 40%

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