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Question 64Asked in DSSSB TGT Computer Science (Technical), 12 Sep 2025, Shift 1 (9:00 AM)

During the financial year 2024-25, the total purchases of ABC Ltd. were ₹1,90,000. If the gross profit of ABC Ltd. was 20% on sales and the closing stock…

During the financial year 2024-25, the total purchases of ABC Ltd. were ₹1,90,000. If the gross profit of ABC Ltd. was 20% on sales and the closing stock was ₹30,000 more than the opening stock, what was the gross profit earned by ABC Ltd. during the year 2024-25?
  1. A₹35,000.00
  2. B₹52,000.00
  3. C₹25,000.00
  4. D₹40,000.00
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Correct answer: (D) ₹40,000.00

Explanation

Cost of goods sold = purchases - increase in stock = 1,90,000 - 30,000 = 1,60,000. With 20% gross profit on sales, COGS is 80% of sales, so sales = 2,00,000 and gross profit = 40,000.

From DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 1 (9:00 AM)

This is question 64 of DSSSB TGT Computer Science PYQ (Technical), 12 Sep 2025, Shift 1 (9:00 AM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.