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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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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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