Direction: Study the following table and answer the questions based on it :
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In which year the difference between the total sales and the gross profit is the least?
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- 1990
- 1991
- 1992
- 1993
Correct Option: A
As per the given above table , we have
∴ Net Profit = total sales - gross profit
Net Profit in 1990 = 54.2 lakhs
Net Profit in 1991 = 42.6 lakhs
Net Profit in 1992 = 38.9 lakhs
Net Profit in 1993 = 50.3 lakhs
Net Profit in 1994 = 65.8 lakhs
From above it is clear that the difference between the total sales and the gross profit is the least in the year 1990.
