Reference no: EM132768610
Following information is given -
Opening Stock Rs. 2,13,000/-,
Purchase Sales Rs. 21,32,000/-,
Carriage Inwards Rs. 32,500/-,
Carriage Outwards Rs. 38,600/- and
Return Inwards Rs. 38,000/-.
Problem 1: If the rate of gross profit is 25% on cost then value of closing stock will be:
A) Rs. 2,57,800/- B) Rs. 1,94,900/-
C) Rs. 2,25,300/- D) Rs. 3,30,000/-
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