BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accountancy Financial Statement Analysis Ratio analysis
What will be the amount of gross profit of a firm if its average inventory is Rs. 1,60,000, inventory turnover ratio is 6 times, and the selling price is 25% above cost?
1
Rs. 2,40,000
2
Rs. 3,20,000
3
Rs. 4,00,000
4
Rs. 2,00,000
5
None of these