Given:
Sals - Rs. 2,00,000
Gross Profit - 25% of cost
Stock velocity - 3 months
Closing stock is Rs. 2,000 more than the opening stock.
A. Rs. 1,50,000
B. Rs. 1,60,000
C. Rs. 1,62,000
D. Rs. 1,72,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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