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A merchant godown caught fire on 10-10-2018 at night causingserious damage for stock. The following information is seriousfrom the books and records salvaged. All stock were destroyedexpect to the extent of Rs.6,200.Rs.Stock on 1.1.2018 40,000Purchase during 2018 1,45,000Sales during 2018 2,00,000Stock on 31-12-2018 25,000Purchases from Jan 1 to Oct 10 1,52,200Sales from Jan 1 to Oct 10 1,89,000Assuming that the rate of gross profit on sales has been thesame in 1992 as in 1991, estimate the value of the stock in thegodwon at the time of fire. |
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Answer» ddddddddddddddddddddddddddd |
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