Study the following table and answer: Particulars Rs. Opening Inventory 15,000 Closing Inventory 20,000 Purchases 2,80,000 Return outward 7,500 Return inward 10,000 Carriage inward 2,500 If gross profit is 20% of sales, the gross sales will be:

Correct Answer is : Rs.3,47,500

CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

Question : 24 of 60

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Study the following table and answer:

If gross profit is 20% of sales, the gross sales will be:

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