Mathematics · Aptitude and Statistics
A firm had a beginning inventory of ₹5,00,000. During the year, it made purchases worth ₹20,00,000 and paid carriage inward of ₹50,000. The sales for the year were ₹30,00,000. The firm maintains a uniform gross profit margin of 25% on sales. Calculate the value of the Closing Stock.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹4,00,000
- 2₹5,50,000
- 3₹3,00,000✓
- 4₹2,50,000
Correct answer
₹3,00,000
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