Discussion
Gross profit is Rs 54,000
Gross profit margin is 20%
What is sales value?
Answer: A
The sales value is Rs. 2,70,000. Gross profit margin is gross profit as a percentage of sales. \[\text{Sales} = \frac{\text{Gross profit}}{\text{Margin}}\] \[= \frac{54{,}000}{0.20} = 2{,}70{,}000\] Check: 20 per cent of 2,70,000 is 54,000. The figure 2,16,000 would be 54,000 divided by 0.25, 3,24,000 is 54,000 divided by one-sixth, and 3,08,000 does not follow from the given figures.
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