CUET Accountancy - A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit. | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Financial Statements

Medium

Rs. 60,000

Rs. 70,000

Rs. 90,000

Rs. 80,000

✅ Correct Option: 4

Related questions:

30 May Shift 2

Calculate the Current Ratio from the following information:

Particulars	(Rs.)
Inventories	50,000
Trade receivables	50,000
Advance tax	4,000
Cash and cash equivalant	30,000
Trade payables	1,00,000
Short-term borrowings (bank overdraft)	4,000

30 May Shift 2

Match List-I with List-II

Choose the correct answer from the options given below:

3 June Shift 2

To assess the long term solvency of the business, which of the following ratios are needed?

(A) Interest coverage ratio

(B) Proprietary ratio

(D) Debt to capital employed ratio

Choose the correct answer from the options given below:

CUET Accountancy 2025 15 May Shift 1 PYQs