Q1906
Given: Stock turnover 6 times Total Sales Rs. 3,00,000 Gross profit Ratio 20% Closing stock is Rs. 4,000 more than the opening stock. The opening stock will be:
A.
Rs. 36,000
B.
Rs. 38,000
AnswerC.
Rs. 40,000
D.
Rs. 42,000
Answer: Option B
Solution
Answer: Option B
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