alleryReceipts ₹1430, stock outlay ₹1100, both incl 10% GST. Full input GST usable. Profit after settlement?
A₹330
B₹300
C₹200
D₹430
Answer & Solution
Correct answer: B. ₹300
Receipts of ₹1430 less the ₹1100 purchase payment and ₹30 net GST leave ₹300 profit.
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