Purchases of a firm during the year is Rs. 60,000. Opening stock and closing stock for the year is Rs. 12,000 and Rs. 9,000 respectively. Gross profit is $${\frac{1}{5}^{{\text{th}}}}$$ of sales. Amount of gross profit is
A. Rs. 15,700
B. Rs. 14,000
C. Rs. 12,500
D. Rs. 17,250
Answer: Option A
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