Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.
A55,000
B65,000
C60,000
D50,000
Correct answer
C. 60,000
Explanation
60,000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.