Mathematics · Financial Accounting Calculations
A trading firm, Bharat Electronics, provides the following data for a financial year: • Total Sales: ₹25,00,000 • Gross Profit Margin: 25% on Cost • Opening Stock: ₹3,00,000 • Closing Stock: ₹4,00,000 • Direct Expenses (Freight and Wages): ₹50,000 Calculate the total amount of Purchases made by the firm during the year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹19,50,000
- 2₹20,00,000
- 3₹21,00,000
- 4₹20,50,000✓
Correct answer
₹20,50,000
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