Question

Goods purchased for rs. 80,000; sales rs. 60,000; margin 20% on cost; closing inventory will be

Answer 1

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...