Practical Problem 08
SOLUTION:
Common Size Statement for the year ended on 31st March, 2017 and 31st March, 2018
Particulars | Amount (₹) | (%) | Amount (₹) | (%) |
Sales | 2,00,000 | 100 | 2,50,000 | 100 |
Less: Cost of goods sold | 1,50,000 | 75 | 1,70,000 | 68 |
Gross Profit | 50,000 | 25 | 80,000 | 32 |
Less: Office and Administrative Expenses | 4,000 | 2 | 6,000 | 2.4 |
Less: Selling and Distribution Expenses | 6,000 | 3 | 1,000 | 0.4 |
Net Profit | 40,000 | 20 | 73,000 | 29.2 |