alleryStart learning →Stock at selling price is Rs 2,00,000 and gross margin is 25 percent of sales. Retail method cost of stock?
ARs 1,50,000
BRs 2,50,000
CRs 1,60,000
DRs 1,25,000
Answer & Solution
Correct answer: A. Rs 1,50,000
Cost = 2,00,000 less 25 percent of 2,00,000 (Rs 50,000) = Rs 1,50,000.
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