If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be : Option 1: Rs. 24,000 Option 2: Rs. 48,000 Option 3: Rs. 20,000 Option 4: Rs. 40,000

The answer is 'Rs. 20,000'. View full solution:

CUET Accountancy - If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be : | PYQs + Solutions

CUET Accountancy 2022 23 Aug Shift 2

Financial Statements

Easy

Rs. 24,000

Rs. 48,000

Rs. 20,000

Rs. 40,000

✅ Correct Option: 3

Related questions:

16 July Shift 2

If there are Fixed assets of Rs.10,00,00 Current assets of Rs.6,00,000, Current liabilities of Rs.3,00,000 and Net profit before Interest and Tax of Rs.2,60,000; then Return on Investment will be:

28 May Shift 1

Net Capital Employed is equal to :

(A) Fixed Assets + Current Assets - Long term liabilities

(B) Non current Assets + Current Assets - Current liabilities

(D) Equity + Debt

(E) Current Assets - Current liabilities

Choose the correct answer from the options given below :

8 Aug Shift 2

What is gross profit ratio?

Gross sales Rs. 7,60,000

Sales returns Rs. 40,000

Net Profit after interest Rs. 40,000

Indirect expenses Rs. 60,000

Interest paid on debentures Rs. 20,000

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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