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(%)
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GP %calculation formula
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Quick Summary
Calculate the percentage of GP in the total sale value of Rs 21 lakhs
Gross Profit is 9.52% (200,000/21,00,000) and it is always calculated in regards to Net Sales.
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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