Q1133
Given- Stock - Rs. 14,000; Debtors - Rs. 20,000; Creditors - Rs. 30,000; Stock - turnover 5 times; Credit collection period - 73 days; Administrative expenses - 20% of sales; All sales are made on credit. The net profit will be-
A.
Rs. 10,000
AnswerB.
Rs. 20,000
C.
Rs. 25,000
D.
Rs. 30,000
Answer: Option A
Solution
Answer: Option A
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