Accountancy, asked by Nitya4953, 1 year ago

Opening stock - 1,50,000Cash sales - 1,20,000Credit sales - 2,30,000Closing stock - NilSelling price - 125% of cost, then purchases =?a) 1,50,000
b) 1,40,000c) 1,30,000
d) 1,20,000

Answers

Answered by shubhampalde9

1

Gross profit=350000*100/125

Purchases=350000-220000

=130000

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