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Question
What will be the amount of gross profit of a firm if its average inventory is ₹80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?
Options
₹1,20,000
₹1,60,000
₹2,00,000
None of the above
MCQ
Solution
₹1,20,000
shaalaa.com
Activity Ratios - Inventory Turnover Ratio
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