Given-
Stock - Rs. 14,000;
Debtors - Rs. 20,000;
Creditors - Rs. 30,000;
Stock - turnover 5 times;
Credit collection period - 73 days;
Administrative expenses - 20% of sales;
All sales are made on credit. The net profit will be-
A. Rs. 10,000
B. Rs. 20,000
C. Rs. 25,000
D. Rs. 30,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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