If sales are Rs. 6000, gross profit is $$\frac{1}{3}$$ on cost, purchase are Rs. 4,900 and the closing stock is Rs. 900, the opening stock will be:
A. Nill
B. Rs. 500
C. Rs. 2,000
D. Rs. 4,900
Answer: Option B
This Question Belongs to Commerce >> Accounting
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