Given:
Stock turnover 6 times
Total Sales Rs. 3,00,000
Gross profit Ratio 20%
Closing stock is Rs. 4,000 more than the opening stock. The opening stock will be:
A. Rs. 36,000
B. Rs. 38,000
C. Rs. 40,000
D. Rs. 42,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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