CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

During a year the sales and purchases of a firm amounted to ₹ 4,00,000 and ₹ 4,00,000 respectively. Opening inventory was Nil. Closing inventory at selling price was ₹ 1,00,000. Find out the cost of closing inventory using Adjusted Selling Price Mehtod: