Question

Consider the following for Q Co. for the year 2021-22: • Cost of goods available for sale: ₹1,00,000 • Total sales: ₹80,000 • Opening inventory: ₹20,000 • Gross profit margin on sales: 25% Closing inventory of goods for the year 2021-22 is:

A ₹80,000
B ₹60,000
C ₹40,000
D ₹20,000
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