When did the French Revolution occur?
In a burglary at the godown of Bharat Goel on the night of 14th July, 2016 part of the stock was stolen. From the following particulars, find out the estimated value of loss of stock by theft.
Rs.Stock on 1st April, 2016 1,20,000Purchases from 1st April to 14th July, 2016 8,20,000Sales from 1st April to 14th July, 201612,00,000Stock remaining after burglary 24,000
The normal rate of gross profit for his business is 30% of selling price.