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Commerce · Q892

Accounting

Graduate and Post Graduate · Commerce · question 892

Q892

Given: Sals - Rs. 2,00,000 Gross Profit - 25% of cost Stock velocity - 3 months Closing stock is Rs. 2,000 more than the opening stock.

A.
Rs. 1,50,000
B.
Rs. 1,60,000
C.
Rs. 1,62,000
Answer
D.
Rs. 1,72,000

Answer: Option C

Solution

Answer: Option C
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