Manertial accounting

total turnover rs 1,10,00 cost of good sold rs 88,00 percentage of gross profit to sales will be
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Quick Summary
This discussion explains the calculation of gross profit within managerial accounting. It demonstrates how to determine gross profit by subtracting the cost of goods sold from total turnover. The example provided shows a gross profit of £2,200 from a turnover of £11,000, resulting in a gross profit ratio of 20%.

Gross profit percentage will be 20%
In adverse what is Answer not in percentage

Total  Tunover =                11000/-

Less 

Cost of  Goods sold    =     8800/-

--------------------------------------------

Gross profit  will be     =     2200/- 

Gross profit ratio will be 20%
Ratio % 20

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