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Commerce · Q2632

Accounting

Graduate and Post Graduate · Commerce · question 2632

Q2632

The following are the figures relating to a trader: Opening stock - Rs. 10,000 Closing stock - Rs. 11,000 Purchase - Rs. 70,000 The goods are sold at a profit of 30% on cost. The amount of sales will be:

A.
Rs. 1,04,000
B.
Rs. 91,000
C.
Rs. 89,700
Answer
D.
Rs. 21,000

Answer: Option C

Solution

Answer: Option C
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