CUET Accountancy - A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit. | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Financial Statements

Medium

Financial Statements

80,000

2,80,000

1,80,000

60,000

✅ Correct Option: 3

Related questions:

14 May Shift 1

The current ratio is 2.5 : 1. Current assets are Rs. 50,000 and current liabilities are Rs. 20,000. How much must be the reduction in the current assets to bring the ratio to 2 : 1

15 May Shift 2

The following ratios primarily measure risk:

(A) Liquidity

(B) Activity

(D) Profitability

Choose the correct answer from the options given below:

15 May Shift 1

Gross profit ratio of a company was 25%, its credit revenue from operations was Rs. 20,00,000 and its cash revenue from operations was 20% of the total revenue from operations. If the indirect expenses of the company was Rs. 50,000. Calculate its net profit.

CUET Accountancy 2025 24 May Shift 1 PYQs

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