CUET Preparation Today
A trading firm’s average inventory is Rs. 40,000. If the inventory turnover ratio is 6 times and the firm sells goods at a gross profit of 25% on sales, ascertain the gross profit of the firm. |
Rs. 80,000 Rs. 60,000 Rs. 40,000 Rs. 20,000 |
Rs. 80,000 |
The correct answer is Option (1) → Rs. 80,000 |
