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Opening Inventory Rs. 1,00,000, Closing ...

Opening Inventory Rs. 1,00,000, Closing Inventory Rs. 1,20,000, Purchases Rs. 20,00,000, Wages Rs. 2,40,000, Carriage Inwards Rs. 1,50,000, Selling Exp. Rs. 60,000, Revenue from Operations is Rs. 30,00,000. Gross Profit ratio will be :

A

`29%`

B

`26%`

C

`19%`

D

`21%`

Text Solution

Verified by Experts

The correct Answer is:
D
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