Find opening and closing stock when goods are sold at profit


Inventory Turnover Ratio is 3 times sales are Rs 1,80,000. Opening Stock is Rs 2,000 more than the Closing Stock. Calculate the Opening and Closing Stock when goods are sold at 20% profit on cost.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find opening and closing stock when goods are sold at profit
Reference No:- TGS0672432

Now Priced at $5 (50% Discount)

Recommended (90%)

Rated (4.3/5)