CA CPT Model Test Paper 10 with solutions for online practice

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Question : 33 of 200
 
Marks: +1, -0
The following information pertaining to a firm as on 31 December 2009
Opening Inventory = Rs. 20,000
Purchases = Rs. 1,50,000
Sales = Rs. 1,40,000
Gross profit on sales has been 25%. The cost of goods sold during the year will be
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