Q893
What is the amount of gross profit if the stock turnover ratio is 6 times; average stock is Rs. 8,000 and; selling price is 25% above cost?
A.
Rs. 2,000
B.
Rs. 4,000
C.
Rs. 10,000
D.
Rs. 12,000
AnswerAnswer: Option D
Solution
Answer: Option D
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