If sales is Rs. 1,20,000, gross profit is $${\frac{1}{3}^{{\text{rd}}}}$$ of cost, purchase is Rs. 98,000 and closing stock is Rs. 18,000 then opening stock will be
A. Rs. 10,000
B. Rs. 8,000
C. Rs. 0
D. Rs. 40,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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