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What will be the amount of gross profit of a firm if its average inventory is ₹80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?(A) ₹1,20,000.(B) ₹1,60,000.(C) ₹2,00,000.(D) None of the above. |
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Answer» Correct answer is: (A) ₹1,20,000. |
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