| RVP Ltd. has provided the following information on 31st March 2021: |
| Net profit before tax: 6,00,000 |
| Salary: 50,000 |
| Loss by fire: 15,000 |
| Printing & Stationery: 10,000 |
| Interest on debenture 40,000 |
| Depreciation: 20,000 |
| Gain on sale of fixed asset: 15,000 |
| Tax rate 20% |
| Revenue from operation: 20,00,000 |
| Gross Profit ratio will be |
A) 64%
B) 20%
C) 36%
D) 40%
Correct Answer: C
Solution :
36%
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