Kamala Ltd. was incorporated on 1 April 2010 to take over the business of Vikas Brothers from 1 January 2010. From the following information, calculate sales ratio and gross profit:
- Sales during the period January to December 2010 amounted to Rs.3,60,000.
The trend of the sales was as follows:
January and February: half the average sales in each month
May, June and July: average sales in each month
October: average sale
November and December: half the average sales in each month
- Cost of goods sold: Rs.90,000.