How to calculate Gross Profit if given net profit?

Q.  While calculating Gross Profit, if net profit is given,
- Published on 08 Sep 15

a. It can be converted into gross profit by adding interest to it
b. It can be converted into Gross profit by adding indirect expenses to it
c. Both a and b
d. None of the above

ANSWER: It can be converted into gross profit by adding interest to it

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    Discussion

  • Dr. Vineet Chouhan   -Posted on 29 Sep 21
    the difference in gross and net profit is reduction of indirect expenses and interest etc. thus answer both a & b is correct.

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