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What is the gross profit ratio for the business? A - HSC - SSCE Business Studies - Question 19 - 2018 - Paper 1

Question 19

What is the gross profit ratio for the business? A. 53% B. 67% C. 78% D. 90%

Worked Solution & Example Answer:What is the gross profit ratio for the business? A - HSC - SSCE Business Studies - Question 19 - 2018 - Paper 1

Step 1

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Answer

To calculate the gross profit ratio, use the formula:

ext{Gross Profit Ratio} = rac{ ext{Gross Profit}}{ ext{Revenue}} imes 100 ext{%}

Assuming you have the gross profit and the revenue from the business, substitute those values into the formula to find the ratio.

Step 2

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Answer

Based on the calculated gross profit ratio and the provided options, the correct answer is:

B. 67%

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