Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Commerce Business Economics

If opening stock = Rs.2,45,000, purchases = Rs.1500000, sales = Rs.17,40,000 and gross profit rate - 20% on cost of goods sold, then closing stock will be:

1

Rs. 3,53,000

2

Rs. 2,95,000

3

Rs. 2,45,000

4

Rs. 1,95,000

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