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Calculate Gross Profit Ratio:

Opening stock = ₹ 20,000, Closing stock = ₹ 25,000, Purchases = ₹ 1,00,000, Purchase 

return = ₹ 10,000, Sales = ₹ 2,25,000, Sales 

return = ₹ 15,000, Direct expenses = ₹ 20,000.

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Best answer

Cost of goods sold = Opening stock + Purchases – Purchase return + Direct expenses – Closing stock

= 20,000 + 1,00,000 – 10,000 + 20,000 – 25,000

= 1,30,000 – 25,000

= ₹ 1,05,000

Net sales = Sales – Sales return

= 2,25,000 – 15,000

= ₹ 2,10,000

Gross profit = Net sales – Cost of goods sold

= 2,10,000 – 1,05,000

= ₹ 1,05,000

Gross Profit ratio = \(\frac{Gross\,profit}{Net\,sales}\times100\)

\(\frac{1,05,000}{2,10,000}\times100\)

= 50%

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