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Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is

A. 24%

B. 25%

C. 40%

D. 44%

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above