As per the following particulars, if the gross profit is 30% of the cost, what will be the value of the closing stock?
Opening stock - Rs. 4,80,000
Purchase - Rs. 13,60,000
Sales - Rs.19,50,000
1
Rs. 3,10,000
2
Rs. 2,40,000
3
Rs. 1,10,000
4
Rs. 3,40,000