CA CPT Model Test Paper 4 with solutions for online practice

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Question : 52 of 199
 
Marks: +1, -0
From the following figures ascertain the gross profit/loss
Opening Inventory = Rs. 60,000
Cost of good sold = Rs. 2,20,000
Freight on purchase = Rs. 1,20,000
Sale = Rs. 3,00,000
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