On 1st January 2021, Company 'A' had stocks worth 310,00,000 in its warehouse. By 31st January 2021, the company clocked sales of 4,50,000. The company has an operating margin of 18%. What is the value of the company's stock on 1st Feb 2021? *
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On 1st January 2021, Company 'A' had stocks worth 310,00,000 in its warehouse. By 31st January 2021, the company clocked sales of 4,50,000. The company has an operating margin of 18%. What is the value of the company's stock on 1st Feb 2021? *
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Explanation:
On 1st January 2021, Company 'A' had stocks worth 310,00,000 in its warehouse. By 31st January 2021, the company clocked sales of 4,50,000. The company has an operating margin of 18%. What is the value of the company's stock on 1st Feb 2021? *
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