alleryStart learning →Stock at selling price is Rs 60,000; gross margin is 25% of sales. Retail-method cost?
ARs 45,000
BRs 15,000
CRs 48,000
DRs 75,000
Answer & Solution
Correct answer: A. Rs 45,000
Gross margin is 25% of 60,000 = 15,000, and 60,000 - 15,000 gives a cost of Rs 45,000.
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