Gross profit rate


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 December 2014 What will normal/General rate of Gross Profit incase of business of Petrol Pump.

03 December 2014 there is no fix rate which can be given.

03 December 2014 Between 3.5 to 5 %.
.
.

03 December 2014 amol ji pls give some refrence supporting ur ans

03 December 2014 There is a very interesting concept called as EVAPORATION loss. It is calculated slabwise. The price difference along with the credit for the evaporation loss makes it between 3.5% to 5%

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 December 2014 If we to assume then what it should be. As i finalising an accounts of same business of petrol pump so how much GP% should i consider pls guide me.

Petrol pump is situated in Semi Urban area.

03 December 2014 No need to assume any % unless you are opting for 44AD. You can show AT ACTUALS.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 December 2014 Thank you sir but if you can pls specify the rate it will be of great help.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details