Sales $=$ Rs. $3, 00, 000$ ; G.P; on sales is $20 %$ purchases $=$ Rs. $2, 40, 000$ ; Opening stock $=$ Rs. $20, 000$ . Find closing stock.

Rs.

20, 000

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Rs.

24, 000

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Rs.

16, 000

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Rs.

12, 000

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Solution

The correct option is B Rs. $20, 000$
Closing Stock = Opening stock+Purchase+Gross profit -sales
= 20000+240000+60000* - 300000
= 20000
Calculation of Gross Profit = 300000 * 20/100
= 60000

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Sales =Rs. 3,00,000; G.P; on sales is 20% purchases =Rs. 2,40,000; Opening stock =Rs. 20,000. Find closing stock.

The correct option is B Rs. 20,000Closing Stock = Opening stock+Purchase+Gross profit -sales = 20000+240000+60000* - 300000 = 20000Calculation of Gross Profit = 300000 * 20/100 = 60000

Sales $=$ Rs. $3, 00, 000$ ; G.P; on sales is $20 %$ purchases $=$ Rs. $2, 40, 000$ ; Opening stock $=$ Rs. $20, 000$ . Find closing stock.

The correct option is B Rs. $20, 000$
Closing Stock = Opening stock+Purchase+Gross profit -sales
= 20000+240000+60000* - 300000
= 20000
Calculation of Gross Profit = 300000 * 20/100
= 60000