Gross profit ratio is calculated by
A. (Gross Profit/Gross sales)*100
B. (Gross Profit/Net sales)*100
C. (Net Profit/Gross sales)*100
D. None of the above
A. (Gross Profit/Gross sales)*100
B. (Gross Profit/Net sales)*100
C. (Net Profit/Gross sales)*100
D. None of the above