What is rate of gross profit


In the month of jan the following purchases were made by a business house having 3 departments


dept X -1000 units }
dept Y -2000 units }at a total cost of
dept Z -2400 units }RS 1,00,000
opening stock
dept X -120 units,dept Y -80 UNITS,dept Z -152 units
The sales for the month were:
dept X 1020 units at RS 20 each
dept Y 1920 units at RS 22.50 each
dept Z 2496 units at RS 25 each


The rate of gross profit is the same in each case. prepare departmental trading accounts.

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Accounting Basics: What is rate of gross profit
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