purchased:20,00,000/-
sales: 21,00,000/-
closing stock : 1,00,000/-
G.P. : 2,00,000/-
How to calculate formula of GP precent(%)
kollipara sundaraiah (B.com) (2931 Points)
01 May 2020
RAJA P M
("Do the Right Thing...!!!")
(127705 Points)
Replied 01 May 2020
Pratik vora
(Proprietor - Pratik Vora & Associates)
(39 Points)
Replied 04 May 2020
Gross Profit percentage is normally taken using Sales as a Base. So the Formula for GP in terms of Sales shall be = GP / Sales *100
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