Goods purchased for rs. 80,000; sales rs. 60,000; margin 20% on cost; closing inventory will be
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heya,,,
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◇ cost price of sold goods = 20% margin of 60,000
= 60,000 x 20%
= 12000.
so, cp of sold goods =60,000- 12000
= 48,000.
◇ closing inventory = 80,000-48,000
= 32000..
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hope it helps...
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