Question

, closing stock was valued at at market price 99000 which is 10% above its cost price the cost of closing stock is

Answer 1

Answer:

89100

Explanation:

Market Price 99000

Including 10% above cost

deduct 10% above cost from 99000 to get original cost

So, 99000*90/100 = 9900

99000-9900= 89100