alleryStart learning →Stock at retail is Rs 20,000 and the cost to retail ratio is 60%. Estimated cost?
ARs 33,300
BRs 20,000
CRs 12,000
DRs 8,000
Answer & Solution
Correct answer: C. Rs 12,000
Retail value multiplied by the cost ratio gives 20,000 times 0.60, which is Rs 12,000.
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