alleryStart learning →In a common-size income statement, net profit is Rs 2,00,000 and gross sales Rs 10,00,000. Net profit is what share of sales?
A5%
B10%
C25%
D20%
Answer & Solution
Correct answer: D. 20%
2,00,000 divided by 10,00,000 is 20% of gross sales.
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