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The following are the figures relating to a trader Opening stock...

This question belongs to Commerce Accounting
Accounting
?

The following are the figures relating to a trader:
Opening stock - Rs. 10,000
Closing stock - Rs. 11,000
Purchase - Rs. 70,000
The goods are sold at a profit of 30% on cost. The amount of sales will be:

Answer & Solution
Correct Answer: Option C
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