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What is the amount of gross profit if the stock turnover...

This question belongs to Commerce Costing
Costing
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What is the amount of gross profit if the stock turnover ratio is 6 times; average stock is Rs. 8,000 and; selling price is 25% above cost?

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Correct Answer: Option D
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AJEET GUPTA
AJEET GUPTA 2 years ago
TURNOVER = 8000*6 =48000
COST = (48000/125)*100 = 38400
PROFIT = 48000-38400 = 9600
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