Discuss Forum
1. At XYZ Company, the ratio sales to gross profit is 4:3 and the ratio of gross profit to net profit is 3:1, what is the ratio of net profits to sales?
- A. 1:4
- B. 1:4
- C. 1:4
- D. 1:4
Answer: Option A
Explanation:
Sales : gross profit = 4 : 3
gross profit : net profit = 3 : 1
sales : gross : net = 4 : 3 : 1
net : sales = 1 : 4
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