Gross profit rate


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details