Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.
A2,40,000
B1,80,000
C2,10,000
D2,00,000
Correct answer
A. 2,40,000
Explanation
2,40,000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.