Question

Purchases – Rs.50,000
Sales – Rs.90,000
Closing Stock – Rs.7,000
Manufacturing Exp. – Rs.5,000
Rate of gross profit – Rs.331
3% on cost
What is the opening stock ?
(A) Rs. 20,000 (B) Rs. 19,500
(C) Rs. 22,500 (D) Rs. 25,000
Answer: Rs. 19,500

Answer 1

Hey!

Opening stock is 19500 :)