Q1388
Given that, Inventory turnover ratio = Rs. 6 Time Average inventory = Rs. 8,000 Selling price = Rs. 25% More then the cost. What will be the amount of gross profit?
A.
Rs. 20,000
B.
Rs. 4,000
C.
Rs. 10,000
D.
Rs. 12,000
AnswerAnswer: Option D
Solution
Answer: Option D
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